BOS
BOS
BOS
Financials for Abu Dhabi-listed Bank of Sharjah reveal a net profit growth by 3.6% to AED 272 million ($74 million) during the first nine months of 2014, compared to AED 262.7 million ($71.52 million) during the corresponding period in 2013.
Earnings per share rose by five percent to AED 12.7, up from AED 12.1.
Profit for the Bank during the third quarter of 2014 rose to AED 120 million compared to AED 118.544 million, registering a minor increase by 1.23%.
Operational profits were down by 16% to AED 499.3 million against AED 593.5 million. Provisions also declined by 65% to AED 49 million against AED 140 million.
The Bank attributed its profits to on-hold operations that achieved AED 12 million during the first nine months of 2014, whereas they had previously registered losses amounting to AED 3.50 million during the same nine months of 2013.
Earnings per share rose by five percent to AED 12.7, up from AED 12.1.
Profit for the Bank during the third quarter of 2014 rose to AED 120 million compared to AED 118.544 million, registering a minor increase by 1.23%.
Operational profits were down by 16% to AED 499.3 million against AED 593.5 million. Provisions also declined by 65% to AED 49 million against AED 140 million.
The Bank attributed its profits to on-hold operations that achieved AED 12 million during the first nine months of 2014, whereas they had previously registered losses amounting to AED 3.50 million during the same nine months of 2013.
Source:
Mubasher Exclusive
