Dubai – Mubasher: The net profits of the Dubai Financial Market Company (DFM) decreased by 33% to AED 23.429 million during the first three months of 2021 from AED 34.732 million in the same quarter of 2020, according to the company's condensed interim consolidated financials for the three-month period ended 31 March 2021.

The company generated revenues of AED 73.4 million in the first quarter (Q1) of 2021, down 17% from AED 88.2 million in the year-ago period.

The basic and diluted earnings per share (EPS) settled at AED 0.003 in Q1-21, compared to AED 0.004 in Q1-20.

Commenting on the company's performance, the Chairman of the DFM Company, Essa Kazim, said: "The DFM has attracted 848 new investors during the first quarter, including 134 institutions, lifting total number of DFM’s investor base to 847,277 investors representing 207 nationalities."

Kazim added: "We are focusing on expanding the range of traded products in order to provide investors with new alternatives investments, which enables them to flexibly manage their portfolios."

It is noteworthy to mention that in 2020, the net profits attributable to the owners of the DFM increased by 14% to AED 137.9 million from AED 120.6 million in 2019.