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DFM records lower profits in H1-21

DFM records lower profits in H1-21
The company generated revenues of AED 136.6 million
DFM
DFM
3.50% 1.48 0.05

Dubai – Mubasher: The net profits attributable to the owners of the Dubai Financial Market Company (DFM) decreased to AED 38.769 million during the first half (H1) of 2021, compared to AED 78.953 million in the same half of 2020, according to the interim consolidated financials for the six month period ended 30 June 2021.

Meanwhile, the company generated revenues of AED 136.6 million in the January-June period of 2021, compared to AED 181.1 million in the same period of 2020.

The basic and diluted earnings per share (EPS) settled at AED 0.005 in H1-21, versus AED 0.010 in H1-20.

The Chairman of the DFM, Essa Kazim, said: "Within this context, the DFM has maintained its attractiveness to retail and institutional investors alike. For instance, 1842 new investors joined the market, including 315 institutions, bringing the total number of its investor base to 847,939 investors from 207 countries at the end of June 2021."

Meanwhile, Kazim added: "Foreign investors continued their noticeable presence with a market share of 48.2% of trading activity during the first half, equivalent to AED 13.7 billion and an ownership of 18.5% of the market capitalisation at the end of June 2021."

It is noteworthy to mention that during the first quarter (Q1) of 2021, the company's net profits decreased by 33% to AED 23.429 million from AED 34.732 million in the same quarter of 2020.