Dubai Financial Market Quarterly Loss Narrows as Revenue Rises
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Dubai Financial Market PJSC, the only publicly traded Gulf Arab stock market, said its third-quarter loss narrowed after revenue advanced and costs dropped.
The loss for the three months ended Sept. 30 was 1.7 million dirhams ($462,837) after a loss of 9.3 million dirhams in the year-earlier period, the company said in an e-mailed statement today. Quarterly revenue rose to 36.8 million dirhams from 31.7 million dirhams in the same period of 2011 while expenses dropped 6.1 percent to 38.5 million dirhams.