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UAE’s EIB H1 profit doubles to AED 226 mln

UAE’s EIB H1 profit doubles to AED 226 mln
Emirates Islamic
EIB
-10.00% 6.66 -0.74
Emirates Islamic Bank (EIB), listed on the Dubai Financial Market (DFM), succeeded in achieving a 104% profit surge during the first six months of 2014. EIB’s recorded a profit of AED 226.46 million compared to AED 111 million during the same period in 2013. Earnings per share leaped from AED 0.034 to AED 0.058.

EIB’s Q2-14 profit performance was strong, reaching AED 132.5 million compared to AED 77.8 million in Q2-13.

The Bank’s profit was support by revenue from the first six months, reaching AED 1.1 billion compared to AED 930 million, registering an increase by AED 170 million.