DFM Posts a Decline in Net Profit
Submitted by Faarooq Mehmood on Sun, 07/25/2010 - 12:43In the second quarter results announced by Dubai Financial Market Co. it has revealed a decline of 80% in the net profit. It has confirmed that these figures have reached 25.9 million U.A.E. dirhams ($7 million) in the latest quarter. It reported a net profit of AED128.3 million last year in the same quarter. It stressed that profits were mainly down due to the lower levels of trading.
Analysts had expected these figures to be between AED30 million and AED31.6 million.
