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Sharjah Islamic Bank discloses Q2 interim consolidated financial results

Sharjah Islamic Bank discloses Q2 interim consolidated financial results
Total income grew to AED 472.8 million in Q1-19
Sharjah Islamic Bank
NBS
0.00% 2.26 0.00

Abu Dhabi – Mubasher: Sharjah Islamic Bank, listed on the Abu Dhabi Securities Exchange (ADX), reported an interim condensed consolidated profit attributable to shareholders of AED 138.79 million for the second quarter of 2019, versus AED 139.86 million in Q2-18.

Basic and diluted earnings per share remained unchanged at AED 0.05 in Q1-19 as compared to the year-ago period, the bank said in a statement to the ADX on Wednesday.

Net operating income amounted to AED 331.47 million in the three-month period ended 30 June 2019, versus AED 269.39 million in Q2-18.

The lender’s total income grew to AED 472.8 million in Q1-19 from AED 413.64 million in the prior-year period.

In the first half of 2019, interim consolidated profit attributable to shareholders reached AED 290.54 million from AED 282.99 million in H1-19.

Total income stood at AED 944.86 million in H1-19, compared to AED 814.21 million in the same period of 2018, the bank added.

Total assets amounted to AED 44.27 billion at the end of June 2019, compared to AED 44.74 billion as at 31 December 2018.

In Q1-19, Sharjah Islamic Bank reported a 6% year-on-year growth in its net profit, recording AED 151.7 million, compared to AED 143.1 million.