BHM Capital Financial Services, a financial markets company in the UAE, announced a 125 percent increase in net profit in 2021 compared to 2020, which reached nearly AED 13 million ($3.53m) compared to about AED 5.77 million last year.
The company saw growth in its revenues from brokerage and consulting commissions to reach AED 41.15 million compared to AED 23.8 million in 2020, while other sources of income, including financing and margin trading revenues, contributed AED 24.2 million.
BHM said it allocated a total income during 2021 of AED 65.4 million compared to about AED 41 million last year with a growth rate of 60 percent.
The company attracted 1,500 new accounts over the past year compared to 1,060 in 2020.
In a statement, the company said its “promising plans and ongoing efforts to diversify revenue sources contributed to this achievement at the end of last year, reflecting the company’s continued best delivery”.