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Dubai – Dubai Financial Market (DFM), the Dubai financial market (DFM), said its net profit for the second quarter of 2019 had increased 167.11%.
The company achieved a net profit of 18.7 million AED, compared to AED 7 million for the comparable quarter of last year.
Sales in the second quarter amounted to AED 162.67 million, compared to AED 150.88 million for the same quarter in 2018.
181 percent
The company's first half results increased 181% to AED 30.9 million, compared to AED 11 million for the same period last year.
The increase in earnings is due to a 6% increase in revenues and a 34.9% increase in profit margin, compared to 31.2% in the first half of 2018, due to the increase in profits. revenue and consistency of operational costs.
Due to a decrease in sales and distribution costs of 4%, to 53.2 million AED, against 55.3 million AED for the same period in 2018.
In the first quarter of 2018, the company's net income more than doubled by 205% to AED 12.2 million at the end of the first quarter of 2019, compared to AED 4 million for the same period in 2018.
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