Dubai Financial Market posted a 46-percent-drop in its second-quarter net profit on Thursday as revenues fell and expenses jumped.
DFM reported a quarterly profit of AED14.71 million ($4 million), the company said in an e-mailed statement, compared with a profit of AED27.2 million for the same period in 2010.
Revenue for the quarter dropped to AED64.59 million from AED69.09 million in the second quarter of 2010. The quarterly revenue included an operating income of AED50 million and investment returns of AED14.59 million.
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