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Al Salam Bank Q2 profits drop to BHD 4m

Al Salam Bank Q2 profits drop to BHD 4m
Earnings declined to BHD 4.09 million in Q2-18
Al Salam Bank
SALAM
-3.51% 0.22 -0.01
Al Salam International
SIIS
0.00% 0.63 0.00

Mubasher: Al Salam Bank – Bahrain achieved a decline of 10.6% in profits during the second quarter of 2018 compared to the same period a year ago.

Earnings declined to BHD 4.09 million in Q2-18 from BHD 4.58 million in Q2-17, according to a bourse filing on Wednesday.

Al Salam Bank, which is listed on both Bahrain Bourse (BHB) and the Dubai Financial Market (DFM) reported a profit of BHD 9.42 million during the first half of 2018 compared to BHD 9.44 million in the same half a year ago.

It is noteworthy that Al Salam Bank’s profits increased to BHD 5.4 million in the first quarter of 2018 compared to BHD 4.9 million in the corresponding period a year ago.