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Al Salam Bank profits rise 19% in Q3

Al Salam Bank profits rise 19% in Q3
EPS remained unchanged at 2 fils in Q3-19
Al Salam International
SIIS
1.11% 0.46 0.01
Al Salam Bank
SALAM
1.06% 0.10 0.00

Dubai – Mubasher: The financial statements of Al Salam Bank – Bahrain showed a 19.3% increase in profits during the third quarter (Q3) of the year to BHD 4.914 million up from BHD 4.119 million in the corresponding quarter last year.

The bank also recorded a net profit attributed to shareholders worth BHD 17.223 million over the period from January to September 2019, versus BHD 13.592 million a year earlier.

Earnings per share (EPS) remained unchanged at 2 fils in Q3-19, and came in 8 fils during the nine-month period of the same year when compared to 6 fils for the same period in 2018, according to a bourse filing on Wednesday.

It is worth noting that over the first half of 2019, the bank’s net profits rose 30% to BHD 12.31 million, compared to BHD 9.47 million in H1-18.