DFM’s earnings down 22% Y-o-Y in 3Q16 on lower trading
Dubai Financial Market (DFM) recorded a net profit of AED35.4mn for 3Q16, down 34% Q-o-Q and 22% Y-o-Y. The exchange’s revenue reached AED81mn compared to AED89mn a year ago (decrease of 9% Y-o-Y), while expenses rose 4% Y-o-Y to AED46mn. During the quarter trading value decreased 24% to AED22bn. Trading commission is the main revenue stream for DFM Company. (company disclosure)
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