Wednesday 3 March 2010

Dubai's DFM 2009 earnings fall



Dubai Financial Market (DFM) (DFM.DU), the Arab world's only listed bourse, saw full-year profit slump on lower trading commissions, however it swung to a fourth-quarter net profit.

Annual earnings stood at 346.6 million dirhams ($94.39 million), DFM said in a statement, down from 604.97 million dirhams in 2008.

Revenues totalled 502.9 million dirhams, the statement said, about half of the 1.01 billion dirhams reported in 2008.

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