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JDIB profits for Q3 soar 109%

JDIB profits for Q3 soar 109%
Net profit for the first nine months of 2016 grew by 65.25% (Photo credit: Bank's website)
Safwa Islamic Bank
SIBK
-0.49% 2.02 -0.01

Mubasher: Jordan Dubai Islamic Bank’s (JDIB) profits for the third quarter of fiscal 2016rose by 109.41% to JOD 1.3 million ($1.81 million), compared to JOD 614,550 ($864,500) for Q3-15.

Net profit for the first nine months of 2016 grew by 65.25% to JOD 2.9 million from JOD 1.75 million for the same period of 2015, according to a bourse filing released on Wednesday.

The bank earlier posted a net profit of JOD 1.61 million for the first half of 2016, 42.65% up from JOD 1.13 million for H1-15.