Dubai Financial Market Company on Saturday posted a net profit of AED40.6m for the first half of 2012, a 140 percent increase compared to the same period last year.
Its Q2 net profit reached AED10.2m, down 31 percent compared to Q2 2011, the bourse operator said in a statement.
It said it recorded total revenue of AED118.7m in H1 compared to AED113.3m during H1 2011.
Second quarter revenue was AED49.6m compared to AED64.6m in the second quarter of 2011, while expenses amounted to AED39.4m, down nearly AED10m on the previous year.
Company expenses totalled AED78.1m compared to AED96.4m in the year-earlier period.
DFM trading values improved by 45.5 percent to AED32.3bn during the first six months of this year – surpassing the level for all of 2011.
Abdul Jalil Yousef Darwish, chairman of Dubai Financial Market said: “As the trading commissions represent the main revenue stream, the significant improvement of DFM trading activity since the beginning of the year has left its positive mark on the Company’s revenue and profit.
“The trading value of the first half of the year surpassing its levels witnessed throughout the full year of 2011, is undoubtedly a strong indication of the investors’ reignited interest in the diversified opportunities offered at DFM.”
He added: “We are deeply confident that DFM is fully geared up for a new era of sustainable growth owed to a series of strategic initiatives aimed to further improving its infrastructure according to international best practices.”
Essa Abdul Fattah Kazim, managing director and CEO of Dubai Financial Market added: “Our objective is to attract new companies from unrepresented sectors and diversify investment opportunities and asset classes through the introduction of new financial products.”
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