Mubasher: Al Baraka Banking Group, listed on the Bahrain and Nasdaq Dubai, on Tuesday reported a 31.4% year-on-year profit increase during the first quarter of 2019, recording $23.99 million.

Operating income declined to $23.99 million in Q1-19 versus $34.99 million a year earlier, according to a bourse statement.

Al Baraka’s profit reached $129.08 million last year, compared to $129.03 million in 2017.