The financial statements of the Dubai Financial Market Company showed a decline in the company's profits last year by 24.7%, on an annual basis.
According to the company's results on the market's website, today, Tuesday, profits last year amounted to 103.8 million dirhams, compared to 137.9 million dirhams in profits in 2020.
The total revenues last year amounted to about 294.6 million dirhams, compared to 337.2 million dirhams in 2020. Revenues were distributed by 213 million dirhams from operations and 81.6 million dirhams of investments and others.
The company succeeded in reducing its total expenses by 4%, equivalent to 8.5 million dirhams during the year 2021, to 190.8 million dirhams, compared to 199.3 million dirhams during the year 2020. Which reflects the success of efforts to raise spending efficiency.
With regard to the fourth quarter of 2021, the company recorded a net profit of 65.7 million dirhams, a significant jump of 269% compared to profits for the same quarter of 2020 of 17.8 million dirhams. dirhams, and revenues increased 68% to 111.5 million dirhams, compared to 66.2 million dirhams.
The Dubai Financial Market Company's board of directors recommended distributing cash dividends to shareholders for the past year at 3% of the capital, equivalent to 240 million dirhams.
