Dubai Financial Market reports 171% increase in Q1 2024 net profit

Dubai Financial Market reports 171% increase in Q1 2024 net profit

Dubai Financial Market (DFM) today announced its consolidated financial results for the first quarter of the year ending on 31 March 2024 posting a net profit before tax growth of 171% reaching AED 95.6 million, compared to AED 35.3 million during the corresponding period of 2023. 

 

DFM’s total consolidated revenue increased by 64% to AED 148.1 million in Q1 of 2024, compared to AED 90.1 million during Q1 of 2023. 

 

The total revenues include AED 62.5 million in operating income and AED 85.6 million in investment returns & other income. Meanwhile, total expenses excluding tax reached to AED 52.5 million compared to AED 54.8 million during the same period Q1 of 2023. 

DFM’s trading value reached above AED 25 billion during the first quarter of 2024 compared to AED 19 billion during the corresponding quarter of 2023.  

Commenting on the DFM’s strong performance, H.E Helal Saeed Al Marri, Chairman of DFM, said, “

“As we unveil DFM's Q1 2024 results, we take pride in our strong start to the year. The successful listing of Parkin, the first IPO of 2024, reflects our commitment to bringing more value assets to market and fostering growth and diversification within the marketplace, thereby delivering value to our stakeholders. The