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Monday, 25 July 2016

Dubai Financial Market Q2 net profit falls 60 pct | Reuters

Dubai Financial Market Q2 net profit falls 60 pct | Reuters:

"Dubai Financial Market (DFM), the Gulf's only listed stock exchange, reported a 60 percent fall in second-quarter net profit on Monday as revenue fell.

The firm made a net profit of 53.5 million dirhams ($14.6 million) in the three months to June 30, down from 132.4 million dirhams in the year-ago period, it said in a statement.

Revenues fell to 100 million dirhams in the quarter, compared with 178.1 million dirhams in the corresponding three months of 2015.

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