Dubai-Mubasher: Bourse operator DFM Company posted an 88.8% profit plunge to AED 15.5 million ($4.22 million) in the fourth quarter of 2015, compared to AED 138.3 million ($37.645 million) in the same quarter of 2014, according to a bourse filing on Thursday.
Net profits declined 66% to AED 261 million in the fiscal year 2015, from AED 759.3 million in 2014.
Total revenues reached AED 451 million in FY15, down from AED 936.7 million in FY14.
The board recommended distributing cash dividends at 5% of capital for FY15, totalling AED 400 million.
The board scheduled the shareholders’ annual meeting to be held on 9 March.
