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ABC Islamic reports 9% increase in Q1 profits

: Wednesday, May 14 - 2014 @ 02:14

ABC Islamic Bank has reported a 9% increase in net profit for the first quarter of 2014 to $3.5m, compared with $3.2m reported in the first quarter of last year, Saudi Gazette has reported. Total operating income grew 26% to $5.2m, compared with $4.1m in the same quarter a year ago. Operating expenses increased to $1.6m from $0.8m for the same quarter of last year.

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Wednesday, May 14- 2014 @ 2:14 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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