Dubai Financial Market Company (DFM company) today announced its preliminary financial results for the first quarter of 2008.
DFM company recorded a net profit of AED 314 million from operational activities and investments for the first quarter of 2008, an increase of 231 per cent compared to AED 95 million from operational activities and investments for the same period in 2007. The company recorded total revenues of AED 351 million during the first quarter of 2008, including AED 273 million from operational activities and AED 78 million from investments, up 158 per cent compared to AED 136 million in total revenues for the same period in 2007.
DFM company recorded a net profit of AED 314 million from operational activities and investments for the first quarter of 2008, an increase of 231 per cent compared to AED 95 million from operational activities and investments for the same period in 2007. The company recorded total revenues of AED 351 million during the first quarter of 2008, including AED 273 million from operational activities and AED 78 million from investments, up 158 per cent compared to AED 136 million in total revenues for the same period in 2007.
Essa Kazim, Chairman of Dubai Financial Market, said: "We are very pleased with our financial results in the first quarter of 2008. Our continued profit and growth is due in no small part to the confidence expressed in our institution by investors and the success of the Dubai Financial Market. Investors are drawn to a market and company that is dynamic, and that gives them unlimited possibilities.
The DFM company is the result of a unique initiative for the region, giving investors the ability to purchase a piece of a financial market itself, as well as allowing investors to directly participate in the economic future of Dubai. We fully intend for the success of this company to continue by implementing groundbreaking programmes that give investors abundant opportunities for strong returns.
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