Dubai Financial Market records Net Profit of AED 7.61million for the 9 months ending 30 September 2011

Dubai Financial Market records Net Profit of AED 7.61million for the 9 months ending 30 September 2011

27/10/2011

The Dubai Financial Market Company (PJSC) announced today its financial results for the first three quarters of 2011 ending September 30th, with a 90% decline in net profit to AED 7.61 million compared to AED 77.84million in the corresponding period of 2010. The total revenue, which comprised of operational, investment and other income, reached AED 145.12 million for the first nine months of 2011 compared to AED 205 million for the corresponding period of 2010, a decrease of 29%.

The company recorded a net loss of AED 9.28 million throughout the 3rd quarter of 2011 compared to a net loss of AED 2.95 million in the 3rd quarter of 2010.

The constant drop in trading values overshadowed the company’s revenue, as trading value decreased by 52.2% during the first three quarters of this year to AED 27.6 billion compared to AED 57.7 billion in the nine months to September 2010. In the same context, the trading value decreased by 42.3% to AED 5.2 billion in the 3rd quarter of 2011 compared to AED 9.03 million in the 3rd quarter of 2010. 

Dubai Financial Market interim financial statements for the period ended 30/09/2011