DFM profit falls 25% in third quarter

Dubai Financial Market (DFM) said its third quarter net profit fell by a fourth.

Net profit for the third quarter fell 25 per cent to Dh20.9 million from Dh27.7 million in the same period last year.

For the first nine months of the year ending September, the bourse registered a net profit of Dh103.7 million, a 40 per cent decrease from Dh173.3 million in the same period of 2017.

Total revenue reached Dh251.9 million during the nine-month period compared to Dh313.3 million during the corresponding period of 2017.

Trading value

The total value of trading on DFM decreased by 44.8 per cent to Dh47.7 billion during the first nine months of this year compared to Dh86.5 billion in the same period last year.

Essa Kazim, Chairman of the Dubai Financial Market Company said: “During the first nine months of 2018, the DFM has accelerated its efforts to further enhance its infrastructure and regulatory framework as well as diversify product offering and services in line with international best practices and as part of its strategy 2021.”