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DUBAI – Dubai Investments (DIFC), the Dubai financial market (DFM), recorded a 28% decline in net income in the first half of 2019, Dubai Financial Market announced.
The company released Thursday a net profit of AED 353.2 million, up from AED 491 million in the same period last year.
According to the company's results, the decline in earnings is due to three main factors: the decline in total revenue and the 69% increase in financing costs to AED 155.3 million, compared to AED 91.7 million. in the first half of 2018.
The results also showed that the company's profit decreased by 31% to AED 19.9 million, compared to AED 29 million for the same period in 2018.
The Company's financial results previously showed a 44% decrease in net income for the first quarter of 2019 202 Compared to 361.9 million AED for the same period last year.
appointments
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