Dubai – Mubasher: The net profits attributable to the owners of the Dubai Financial Market (DFM) increased by 14% to AED 137.9 million in 2020 from AED 120.6 million in 2019.

The company generated revenues of AED 337.2 million in 2020, up 7% from AED 315.8 million in 2019, according to the company's consolidated financials for the year ended 31 December 2020.

The basic and diluted earnings per share (EPS) settled at AED 0.017 last year, against AED 0.015 in 2019.

During the fourth quarter (Q4) of 2020, the company's net profits registered AED 17.8 million, down from AED 25.1 million in the same period of the earlier year.

The DFM’s total traded value rose by 24% to AED 66 billion in 2020.

In addition, the market attracted 2,350 new international investors, raising the total number of new investors in 2020 to 4,027 investors.

The Chairman of the DFM, Essa Kazim, said: "Celebrating its 20th anniversary in 2020, the DFM has accomplished major development plans including the largest technology upgrade in its history by successfully implementing the Nasdaq Financial Framework (NFF), the world's latest trading, surveillance, clearing, and data dissemination applications."

It is noteworthy to mention that in the third quarter (Q3) of 2020, the company saw net profits of AED 41.1 million, 35% higher than AED 30.4 million during the same quarter in 2019.