The Dubai Financial Market (DFM) Company posted a net profit of Dh560 million for the first half of 2008, an increase of 100 per cent compared to Dh280m in profit for the same period in 2007, it was announced yesterday.
The strong results demonstrated a consistent growth during a period of ongoing expansion, said a company statement.
Total revenues touched Dh637m during the first half of 2008, including Dh454m from operational activities and Dh183m from investments, up 70 per cent compared to Dh375m for the same period in 2007.
Essa Kazim, Chairman of DFM, said the "ongoing profitability, and overall expansion, would not be possible without the enormous confidence that investors continue to place with us, in addition to their ongoing support for DFM's efforts to diversify its investments options, which provide them with positive returns
"As the region's first publicly-listed bourse and on our way to becoming the first fully Shariah-compliant exchange, DFM provides regional and international investors with an opportunity to participate in the incredible growth story of Dubai, the UAE and the wider region," he said.
"We were very pleased to continue our series of international investor conferences 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," he said, adding that the total number of joint stock companies listed on the DFM has risen to 60.
"DFM will remain focused on providing superior financial performance and innovative enhancements to our already broad range of services. We look forward to continuing to reinforce our position as the leading financial exchange in this high-growth region."