Cairo – Mubasher: Faisal Islamic Bank of Egypt’s consolidated financial statement showed a slight profit increase year-on-year during the first half of 2019.

The bank logged a profit of EGP 1.35 billion during the six-month period ended 30 June, compared to EGP 1.32 billion in the year-ago period, including minority shareholders’ rights, according to a filing to the Egyptian Exchange (EGX) on Sunday.

Meanwhile, net income from interest and sales rose to EGP 3.1 billion in H1-19 from EGP 3 billion in H1-18.

As for standalone business, the lender previously reported profits of EGP 1.376 billion in the January-June period of 2019, compared to EGP 1.34 billion in the corresponding period a year earlier.

It is noteworthy that during the first quarter of 2019, Faisal Islamic Bank of Egypt’s net profit reached EGP 1.04 billion, compared to EGP 777.95 million in Q1-18.