Dubai– Mubasher: The net profit attributable to the owners of Dubai Financial Market Company (DFM) enlarged by 124% to AED 329.40 million in 2023 from AED 147.11 million in 2022.
Total income jumped to AED 547.43 million last year from AED 354.63 million as of 31 December 2022, according to the financial results.
Basic and diluted earnings per share (EPS) hit AED 0.04 in 2023, up year-on-year (YoY) from AED 0.01.
Financials for Q4
In the fourth quarter (Q4) of 2023, the company recorded a net profit of AED 143.20 million, reflecting a sustained performance compared to AED 58.10 million in the corresponding period of 2022.
The total revenue stood at AED 204 million in Q4-23, exceeding AED 113.40 million in Q4-22.
Dividends Proposal
The board member recommended distributing a cash dividend of AED 280 million, equivalent to 3.50% of the capital and 95% of the total retained earnings account, for 2023.
Helal Al Marri, Chairman of DFM, said: “The board is pleased to witness the robust outcomes stemming from our proactive initiatives and the substantial progress that DFM has made towards redefining our capital market and business landscape.”
Al Marri highlighted the DFM’s plans to contribute to the successes of Dubai and foster its leading global position in the financial sector.
As of 30 June 2023, DFM recorded a 77% YoY jump in net profit to AED 112.17 million, versus AED 63.35 million.
