Ithmaar-Bank

Ithmaar Bank announces $1.77m net profit in H1

: Tuesday, August 19 - 2014 @ 11:26

Ithmaar Bank, a Bahrain-based Islamic retail bank, recorded $1.77m net profit for the first half of 2014, as compared with net loss of $7.52m for the same period last year. Net loss for the three-month period ended June 30 was $0.34m, as compared with net loss of $8.95m for the same period last year, Gulf Daily News reported. Net loss attributable to equity holders amounted to $0.11m for the first half of 2014, compared with net loss of $7.64m for the same period last year. Net loss attributable to equity holders for the three-month period ended June 30 was $0.61m, compared with net loss of $9.49m for the three-month period ended June 30 last year. Earlier, the board of directors approved bank’s consolidated financial results for the first half of 2014.

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Tuesday, August 19- 2014 @ 11:26 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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