Dubai Financial Market Company (DFM) generated AED 147.11 million net profits attributable to shareholders in 2022, higher by 41.70% than AED 103.84 million a year earlier.
DFM recorded an annual growth of 19% in total revenue to AED 351.20 million during the January-December 2022 period, versus AED 294.60 million, according to the consolidated income statements
Furthermore, the basic earnings per share (EPS) jumped to AED 0.018 last year from AED 0.013 in 2021.
Total assets plummeted to AED 9.49 billion as of 31 December 2022 from AED 9.93 billion in 2021.
Income Statements for Q4
In the fourth quarter (Q4) of 2022, the company logged a net profit worth AED 58.10 million, lower than AED 65.70 million in the year-ago period.
Meanwhile, the total revenues surged to AED 113.40 million in Q4-22 from AED 111.50 million in Q4-21.
The board of DFM recommended the disbursement of AED 134.70 million, equivalent to 1.68% of the company’s capital, as cash dividends for 2022.
Helal Al Marri, Chairman of DFM, said: “DFM has also intensified its efforts to diversify asset classes with the introduction of trading in crude oil contracts, Micro Oman Crude Oil Futures, and the launch of new equity futures, strengthening its position as one of the leading regional markets in terms of diversification of investment opportunities and asset classes.”
In the first nine months (9M) of 2022, the net profit attributable to the owners of DFM hiked by 133% year-on-year (YoY) to AED 88.98 million from AED 38.13 million.
All Rights Reserved – Mubasher Info © 2005 – 2022 Provided by SyndiGate Media Inc. (Syndigate.info).