(MENAFN) Dlala Brokerage and Investments Holding Company recorded a net profit of USD1.76 million in the first quarter of the year, marking a huge 62 percent slump year-on-year, Gulf Times reported.
The major decline, which the company's profit witnessed, is attributed to significantly lower incomes and high expenditures; income from net brokerage and commission went down by 21 percent and reached USD3.02 million.
Moreover, income from investments decreased by 66 percent to USD782k and interest income marked an 11 percent increase down to USD90k. As a result, net operating income decreased by 42 percent to USD3.89 million.
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