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DFM reports 696% surge in Q1 net profit

April 24, 2014 11:55 am

Dubai Financial Market (DFM) has said its net profit for the first quarter of the year surged 696% to Dhs215.1m ($58.5m) from Dhs27m during the same period in 2013. Total revenue has increased 289% to Dhs255.6m, compared with Dhs65.7m a year ago. Meanwhile, operating expenses rose to Dhs40.5m from Dhs38.7m during the same quarter of 2013.