Dubai – Mubasher: The DFM Company posted a 22% year-on-year decline in its profits during the third quarter of 2016, according to a bourse statement.
Net profits reached AED 35.4 million ($9.64 million) in Q3-16, compared to AED 45.4 million ($12.36 million) in Q3-15.
In the first nine months of 2016, profits declined 28.7% to AED 175 million from AED 245.5 million in the prior-year period.
Total revenues reached AED 308.1 million in the nine-month period of 2016, compared to AED 381.8 million in the corresponding period of 2015.
