DFM net profit down 8 per cent

Dubai: Dubai Financial Market made a net profit of Dh53.6 million in the first quarter, down 8 per cent from the same period a year earlier, the company announced today. It said it recorded revenues of Dh90.4 million in the three months ending March 31, compared to Dh95.3 million in the first quarter last year.

Operating expenses were constant at Dh17.8 million. Trading value in the first quarter rose to Dh28.98 billion, up 5 per cent from the year-earlier period.