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Bahrain Middle East profits fall 5% in Q1

Bahrain Middle East profits fall 5% in Q1
(Photo Credit: Arabianeye-Reuters)
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Mubasher: Bahrain Middle East Bank on Thursday reported a decline in its net profits for the first quarter of 2017, compared to figures from the same period last year.

The Bahrain-listed bank logged $1.41 million in profits in Q1-17, down 5% year-on-year from $1.49 million, according to a bourse filing.

Earnings per share (EPS) stood at 58 cents by the end of the first three months of the year against 61 cents in Q1-16.

The bank last reported $5.073 million in profits in 2016, compared to $5.079 million in 2015.