DFM’s net profit falls 19% in Q2

Dubai Financial Market’s (DFM) net profit for second quarter of 2017 fell 19 percent year-on-year (YoY) to AED 43.3 million, the GCC’s only listed stock exchange said in a bourse statement on Tuesday.

Revenues slipped to AED 90 million in Q2 2017, down from AED 100 million in the same period last year.

Company expenses for three months amounted to AED 46.7 million, compared to AED 46.5 million last year.

DFM’s first-half net profit rose 4 percent YoY to AED 145.6 million.

During the first six months of 2017, DFM’s trading value reached to AED 70 billion, an increase of 1 percent YoY.