DFM’s profit down 60% Y-o-Y in 2Q16 on lower trading
Dubai Financial Market (DFM) reported a net profit of AED53.5mn for 2Q16, down 60% Y-o-Y. During the quarter the exchange’s revenue decreased 44% Y-o-Y, while operating costs rose 2% Y-o-Y. In 1H16, net profit declined 30% Y-o-Y to AED140 mn as DFM trading value declined 32.7% Y-o-Y to AED69.5bn. (Company disclosure)
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