Dubai - Mubasher: Dubai Financial Market Company on Monday announced achieving a net profit of AED 253.5 million ($69.03 million) financial year ending 31 December 2016, down 3% from AED 261 million ($71.07 million) in 2015.
Total revenues reached to AED 439.3 million in 2016 compared to AED 451 million the year before, the company said in a bourse statement.
It reported that its total revenue comprised AED 360.5 million in operational revenues and AED 78.8 million of investment revenues and others.
At the level of the fourth quarter, net profit surged 406% to AED 78.5 million from AED 15.5 million in the corresponding period of 2015.
DFM Company’s total revenue for Q4-16 surged 89% to AED 131.2 million compared to AED 69.3 million during the corresponding period of 2015.
In its meeting on Monday, 6 February 2017, DFM Company’s board of directors reviewed and approved the annual results, which will be presented for ratification at the Annual General Meeting slated for 13 March 2017, in coordination with the Securities and Commodities Authority (SCA).
The stock ended Monday's session in the green, rising 3.9% to AED 1.33 after 33.1 million shares were traded at a turnover of AED 43.6 million.
