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Dubai Financial Market Q1 profit down by 8%

02 May 2010

The Dubai Financial Market (DFM) has reported an 8.4% fall in first-quarter net profit, reporting Dhs53.6m net profit during the first quarter, which ended March 31, compared to Dhs58.5m in the same period last year. "The revenue and profits of Q1 2010 are clear evidence that our market is more stable and in a better condition compared to a year ago," Executive Chairman Essa Kazim said in a statement. The DFM reported an increase of 5% in trading value to Dhs28.975bn during the first quarter of 2010 compared to Dhs27.603bn in the first quarter of 2009.

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