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GIB posts lower H1 earnings

: Sunday, July 27 - 2014 @ 06:06

Bahrain-headquartered Gulf International Bank (GIB) has said its consolidated net profit after tax for the six months ended June 2014 fell to $50.2m from $60.6m in the prior year period, Times of Oman has reported. Net income after tax in the second quarter was $21.1m. Total income grew 4% to $134.4% on the previous year, with year-on-year increases recorded in all income categories, with the exception of foreign exchange income and trading income, GIB said.

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Sunday, July 27- 2014 @ 6:06 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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