Mubasher: Khaleeji Commercial Bank recorded a surge of 117.8% in net profits for the first nine months in 2015 as compared to the same period in 2014, according to a bourse statement.

The bank’s earnings jumped to BHD 6 million ($16 million) in 9M-15, up from BHD 2.7 million ($7.3 million) in 9M-14.

In Q3, net profits amounted to BHD 1.6 million as compared to BHD 1.2 million in Q3-14.

Operating revenues stood at BHD 22.3 million for the nine-month period, compared to BHD 19.1 million in 2014.

Earnings per share rose to BHD 0.62 in 9M-15 from BHD 0.23 in 9M-14, an increase of 170%.