DETROIT: Dubai Financial Market Company, or PJSC, has announced a decline in net profits by 25 percent for 2021.
PJSC's net profit fell to 103.8 million dirhams ($28 million) compared to 2020, when it was 137.9 million dirhams.
The fall occurred due to the decrease of total revenues by 15 percent
Meanwhile, In the fourth quarter of 2021, net profits soared by 269 percent to 65.7 million dirhams, compared to 17.8 million dirhams in the same quarter a year prior.
Revenues increased by 68 percent over the period, WAM reported on Tuesday.
