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Al Salam Bank – Sudan turns to losses in Q3

Al Salam Bank – Sudan turns to losses in Q3
Loss per share came amounted to SDG 0.02 in the third quarter
Al Salam Bank
ALSALAMSUDAN
-5.84% 0.79 -0.05

Dubai – Mubasher: Al Salam Bank – Sudan posted net losses of SDG 2.392 million ($53,000) over the third quarter (Q3) of 2019, against profits worth SDG 18.782 million ($420,000) during the same period last year.

Loss per share came in SDG 0.02 in Q3-19, against earnings per share (EPS) of SDG 0.15 in Q3-18, according to a bourse filing on Monday.

Over the period from January to September 2019, the bank’s profits went down sharply to SDG 43.450 million from SDG 474.158 million a year earlier.

EPS plunged to SDG 0.36 in the nine-month period from SDG 3.9 a year earlier.