Dubai – Mubasher: Al Salam Bank – Sudan on Monday reported a hike in profits for the full-year 2018.

Net profits amounted to AED 942.17 million ($256.55 million) in 2018, compared to AED 104.2 million ($28.37 million) in 2017, according to the bank’s filing to the Dubai Financial Market (DFM).  

Earnings per share (EPS) recorded AED 7.77 for the year ended 31 December 2018, against AED 0.95 in the year before.

Revenues of the dual-listed bank on the DFM and the Khartoum Stock Exchange surged to AED 1.15 billion in 2018, from AED 225.26 million a year earlier.

By 10:58 am UAE time, Al Salam Bank’s stock rose 2.29% at AED 1.34.