Mubasher: Bahrain Islamic Bank posted a drop of 65.7% in profits during the first quarter of 2017 as compared to the same quarter in 2016.

Earnings shrank to BHD 583,000 ($1.5 million) in Q1-17 from BHD 1.7 million ($4.4 million) in Q1-16, according to a bourse statement issued on Wednesday.

At the stock level, Bahrain Islamic Bank fell by 3.33% to reach 145 fils by 10:21 am Manama time.