ID :
26030
Wed, 10/22/2008 - 16:07
Auther :
Shortlink :
https://oananews.org//node/26030
The shortlink copeid
Dubai Financial Market nine-month net profit increase 97% to Dh781 million
Dubai, Oct 22, 2008 (WAM) - The Dubai Financial Market Company (DFM) on Tuesday reported a 97 per cent jump in net profits to Dh781 million for the first nine months of 2008, up from Dh397 million (excluding IPO profit) in the same period in 2007.
DFM Company recorded revenues of Dh879 million, including Dh598 million in operating income for the first nine months of 2008 and Dh299 million as the return on investments made by DFM Company.
Total revenues increased by 67 per cent compared to Dh536 million (excluding IPO profit) in the same period in 2007.
DFM Company's net profits for the third quarter of 2008 reached Dh221 million, an increase of 89 per cent over the same period in 2007. Total revenues in the third quarter reached Dh260 million compared to Dh161 million for the same period last year.
DFM Company recorded revenues of Dh879 million, including Dh598 million in operating income for the first nine months of 2008 and Dh299 million as the return on investments made by DFM Company.
Total revenues increased by 67 per cent compared to Dh536 million (excluding IPO profit) in the same period in 2007.
DFM Company's net profits for the third quarter of 2008 reached Dh221 million, an increase of 89 per cent over the same period in 2007. Total revenues in the third quarter reached Dh260 million compared to Dh161 million for the same period last year.
