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Tuesday, 25 July 2017

DFM second quarter profit plummets on lower trading commission fees - The National

DFM second quarter profit plummets on lower trading commission fees - The National:

"The Dubai Financial Market, the only publicly listed Arabian Gulf stock exchange, posted a 19.2 per cent drop in second quarter net profit on lower trading commission fees.

Net profit attributable to equity owners in the three months to the end of June fell to Dh43.2 million compared with Dh53.5m in a year-earlier period, the exchange said in a statement.

Total income declined 10 per cent to Dh92.1m from Dh102.3m a year earlier. Trading commission fees, the main source of income, dropped 22.8 per cent to Dh49.3m from Dh63.9m."



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