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DFM posts Dh78.9m net profit in 2010

Earning per share stood at Dh.01 compared to Dh0.04 in 2009.

Gulf News

Dubai: Dubai Financial Market (DFM) yesterday reported a net profit of Dh78.9 million for the year 2010, compared to Dh346.6 million in 2009.

Total revenues reached Dh260.5 million at the end of 2010, compared to Dh502.9 million in 2009. The total revenue comprised Dh186.4 million operational revenues and Dh74.1 million of investment and other revenues. Earning per share stood at Dh.01 compared to Dh0.04 in 2009.

During its meeting yesterday, the board of directors reviewed and approved the annual results, which will be ratified during the annual general meeting of the company that will be announced later on after coordinating with Securities and Commodities Authority (SCA).

"2010 is considered the year of enabling DFM's strategy. This strategy is fully synchronised with Dubai's ultimate goal to become the dynamic financial markets hub in the region. Consequently, DFM proceeded with the realisation of its strategic plans aimed at achieving the highest levels of integration with NASDAQ Dubai by consolidating the strengths and competitive characteristics of both sides," Abdul Jalil Yousuf Darwish, Chairman, Dubai Financial Market, said.