Dubai Financial Market posts 4% rise in net profit

Stock exchange also says trading value reached AED70bn during first half of 2017
(KARIM SAHIB/AFP/Getty Images)
By Staff writer
Tue 25 Jul 2017 01:14 PM

Dubai Financial Market has announced a net profit of AED145.6 million for the first six months of 2017, up 4 percent on the year-earlier period.

The increase was recorded despite net profit slumping 19 percent in the second quarter of the year, the bourse said in a statement.

The company posted a total revenue of AED239.3 million in the first half of 2017, a rise of AED12 million on H1 2016. Expenses reached AED93.7 million.

During the first six months of 2017, the DFM trading value reached AED70 billion, a 1 percent increase compared to the corresponding period of 2016.

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