Dubai – Mubasher: The net profits attributable to the owners of Dubai Financial Market Company (DFM) declined to AED 103.84 million in 2021 from AED 137.9 million in the previous year, according to the company's consolidated financials for the year ended 31 December 2021.
The company's income retreated to AED 298.07 million in 2021, compared to AED 351.833 million in the previous year.
Meanwhile, the company reported a decrease in revenues to AED 294.6 million in 2021 from AED 337.2 million in the earlier year.
The basic and diluted earnings per share (EPS) stood at AED 0.013 last year, against AED 0.017 in 2020.
Meanwhile, the board has recommended a 3% cash dividend distribution, equivalent to AED 240 million.
The Chairman of the DFM, Helal Al Marri, said: "We deeply believe that DFM’s prospects and ability to achieve sustainable growth remain promising owing to leadership’s vision and the numerous initiatives that have been announced during the past few months by the Higher Committee for Development of Financial Markets."
It is noteworthy to mention that during the first nine months (9M) of 2021, DFM reported AED 38.14 million net profits, down from AED 120.07 million in the same period of 2020.
