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Sudan’s Al Salam Bank Q2 profits fall 6%

Sudan’s Al Salam Bank Q2 profits fall 6%
Profits reached SDG 18.93 million ($3.1 million) in Q2-16 (Photo Credit: Company Website)
Al Salam Bank
ALSALAMSUDAN
-4.69% 1.22 -0.06

Dubai-Mubasher: Al Salam Bank – Sudan reported a 5.9% decline year-on-year in its profits for the second quarter of 2016, according to a bourse statement.

Profits reached SDG 18.93 million ($3.1 million) in Q2-16, compared to SDG 20.11 million ($3.29 million) in Q2-15.

Provision for investment and finance rose to reach SDG 3.46 million.

In H1-16, profits rose 10% to SDG 26.85 million from SDG 24.4 million in H1-15.