BankDhofar’s H1 earnings fall 49.7% | BankDhofar’s H1 earnings fall 49.7% -
bankdhofar

BankDhofar’s H1 earnings fall 49.7%

: Tuesday, July 15 - 2014 @ 00:20

Omani lender, BankDhofar has said its net profit for the six-month period ended June 30 declined 49.7% to OR20.5m from a net profit of OR40.8m for the same period of last year, Muscat Daily has reported. The bank’s net income in the first half of 2013 had benefited from a legal write-back of OR26.1m. Excluding the legal case recovery, net profit for the first half of 2013 stood at OR17.8m. Excluding the on-off gain, Bank Dhofar’s first half 2014 net profit rose 15.1%, the bank said. Operating income grew 8.7% to OR48.5m, from OR44.5m in the first half of 2013, it said.

Today's Top Stories

Posted by

Tuesday, July 15- 2014 @ 0:20 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.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs