Gulf's only listed bourse posts 11% Q1 net profit drop

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Dubai Financial Market (DFM), the Gulf Arab region's only listed bourse, has reported an 11.3 percent drop in first-quarter profit.

The firm, which owns majority-stake in sister bourse Nasdaq Dubai, made a first quarter net profit of AED27.03m in the quarter ended March 31, compared with AED30.47m in the prior-year period.

One analyst forecast DFM would make a quarterly profit of AED29m.

First-quarter operating income was AED53.96m, down from AED57.06m last year.

DFM's shares have gained 34.3 percent in 2013, while the main share index is up 33.3 percent over the same period. The shares fell 4.4 percent in early trade on Thursday.


Market Performance

Dubai Financial Market
-0.06 -1.78 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Is $50bn wipeout enough to trigger UAE market changes?

Is $50bn wipeout enough to trigger UAE market changes?

That sum is the value wiped off the Dubai and Abu Dhabi stock...

Blood on the bourse floor

Blood on the bourse floor

Arabtec’s share price collapse was the catalyst for a huge sell...

The spectacular rise and fall of Arabtec

The spectacular rise and fall of Arabtec

The ups and downs of Dubai most heavily traded stock teaches...

Most Discussed