Dubai Financial Market Company, the only publicly listed bourse in the region, posted a 31 per cent drop in second-quarter profit as investor interest and trading volumes continued their prolonged decline in the UAE.
Net income reached Dh10.2 million (US$2.7m) in the quarter that ended on June 30, the bourse said, compared with Dh14.7m in the same period last year.
The company's profits have been sinking ever since access to credit became more difficult and asset values diminished in the face of the global financial crisis that began in 2008.
No comments:
Post a Comment