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Al-Salam Sudan profits skyrocket 1700% in Q4-15

Al-Salam Sudan profits skyrocket 1700% in Q4-15
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Al Salam Bank
ALSALAMSUDAN
-5.84% 0.79 -0.05

Dubai-Mubasher: Al-Salam Sudan Bank reported a 1700% profit surge to SDG 21 million ($3.43 million) in the fourth quarter of 2015, compared to SDG 1.15 million ($0.187 million) in the same quarter of 2014, according to a bourse filing on Sunday.

In the fiscal year 2015, profits rose to SDG 62.4 million from SDG 50.01 million in the fiscal year 2014.

Profits reached SDG 41.4 million ($6.8 million) in the nine-month period ended 30 September 2015, compared to SDG 48.87 million ($8 million) in the corresponding period of 2014.