Mubasher: Bank Al Etihad posted that net profit after tax in the fourth quarter of 2015 shot up 40.13% to JOD 11 million ($15.5 million), compared to JOD 7.87 million ($11 million) the year-ago quarter.

In the fiscal year of 2015, net profit after tax grew 8.91% year-over-year from JOD 26.5 million ($37.2 million) to JOD 28.8 million ($40.5 million).

Profits in the first nine-month period of 2015 were 4.62% lower, reaching JOD17.8 million ($25 million), compared to JOD 18.6 million ($26.2 million) for the year-ago period.  

In Wednesday’s session, the bank’s stock is traded higher at 0.63% to JOD1.61.