DFM Company, the Dubai bourse, reported a net profit of AED254mn for 2016, a decline of 3% Y-o-Y (consensus was AED271mn). Total revenues reached AED 439mn in 2016 compared to AED451mn in 2015. The total revenue comprised of AED361mn of operational revenues and AED79mn of investment revenues and others. In 4Q16, DFM reported a profit of AED79mn, up more than four folds from AED15.5mn a year ago. (Company disclosure)
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