DFM’s net profit up 27% Y-o-Y on higher turnover and growth in market capitalisation
Dubai Financial Market reported a 27% Y-o-Y increase in net profit of AED86 million for 1Q16. Revenue increased 11% Y-o-Y to AED127 million as value traded rose 7.6% Y-o-Y to AED41 billion and the general market index rose 6.5%. The exchange’s operating costs were down 1% Y-o-Y in 1Q16. (Company disclosure)
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