Dubai - Mubasher: Dubai Financial Market Company reported a 52% year-on-year decline in net profit during the first three months of 2018, registering AED 48.9 million.
The company’s total revenue dropped 34% to AED 99.1 million in Q1-2018 versus AED 149.34 million in the year-ago period, according to a company statement released on Monday.
Meanwhile, the Dubai-listed company’s operating expenses grew to AED 50.2 million in the three-month period ended 31 March, in comparison with AED 47 million in Q1-17.
“During the first quarter of 2018, the DFM has maintained and strengthen its position as the most favoured listing venue for leading local and regional companies with the listing of Bahrain’s Ithmaar Holding and Egypt’s NAEEM Holding for Investment,” DFM Company’s chairman Essa Kazim commented.
DFM’s trading value plunged 57.2% year-on-year from January to March 2018 to AED 20.4 billion, the Emirati firm revealed.
“The first quarter witnessed also the launch of DFM a first of its kind brokers excellence rating initiative as part of our constant efforts to promote service excellence,” DFM Company’s chairman Essa Kazim said.
