The Dubai Financial Market Company (DFM Company) announced its preliminary financial results for the first half of 2008, demonstrating consistent growth during a period of ongoing expansion.
DFM Company recorded a net profit of AED 560 million from operational activities and investments for the first half of 2008, an increase of 100% compared to AED 280 million in net profit from operational activities and investments for the same period in 2007.
The company recorded total revenues of AED 637 million during the first half of 2008, including AED 454 million from operational activities and AED 183 million from investments, up 70% compared to AED 375 million in total revenues for the same period in 2007.
"I am very pleased to share our financial results for the half year,” said Essa Kazim, Chairman of Dubai Financial Market. “Our ongoing profitability, and overall expansion, would not be possible without the enormous confidence that investors continue to place with us , in addition to ongoing support for DFM efforts for diversify the investments options, that provide them with positive returns.
“As the region’s first publicly-listed bourse and fully Sharia-compliant exchange, DFM provides regional and international investors with a signal opportunity to participate in the incredible growth story of Dubai, the UAE and the wider region. To that end, we were very pleased to continue our series of international investor conferences, launched last year, by hosting in May our second annual international investor conference in London, which saw more than 400 meetings held between 250 fund managers and institutional investors and 14 senior representatives of companies listed on DFM.
“At home, we continued our expansion by welcoming a number of new listings in the first half of this year, bringing the total number of joint stock companies listed on DFM to an impressive 60.
“DFM will remain focused on superior financial performance and innovative enhancements to our already broad range of services. We look forward to continuing to reinforcing our position as the leading financial exchange in this high-growth region.”
