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SHB posts 28.1% jump in Q2 net income

: Tuesday, July 08 - 2014 @ 01:16

Saudi Hollandi Bank (SHB) has said its second-quarter net profit jumped 28.1%, boosted by higher operating income, Reuters has reported. The kingdom’s seventh-largest listed lender by assets made a net profit of SR480.3m ($128.1m) in the three months to June 30, compared with SR374.8m in the corresponding period of 2013. It cited higher operating income, which increased 17% year-on-year to SR811.2m, for the increase in net profit without elaborating.

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Tuesday, July 8- 2014 @ 1:16 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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