Business | Markets

Dubai Financial Market reports 100% profit

The first half profit this year represents a 100 per cent increase over Dh280 million reported during the same period last year.

  • Staff Report
  • Published: 17:12 July 12, 2008
  • Gulf News

Dubai: The Dubai Financial Market Company announced D560 million net profit on Saturday.

The first half profit this year represents a 100 per cent increase over Dh280 million reported during the same period last year.

The company recorded total revenues of Dh637 million during the first half of 2008, including Dh454 million from operational activities and Dh183 million from investments, up 70 per cent compared to Dh375 million in total revenues for the same period in 2007.

"As the region's first publicly-listed bourse and on our way to becoming the first fully Sharia-compliant exchange, DFM provides regional and international investors with a signal opportunity to participate in the incredible growth story of Dubai, the UAE and the wider region. To that end, we were very pleased to continue our series of international investor conferences, launched last year, by hosting in May our second annual international investor conference in London, which saw more than 400 meetings held between 250 fund managers and institutional investors and 14 senior representatives of companies listed on DFM," said Essa Kazim, Chairman of Dubai Financial Market.

"At home, we continued our expansion by welcoming a number of new listings in the first half of this year, bringing the total number of joint stock companies listed on DFM to an impressive 60," he added.

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