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Bank of Sharjah’s net profits soar to AED 226m in 2019

Bank of Sharjah’s net profits soar to AED 226m in 2019
Bank of Sharjah's net operating income increased by 19%
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Abu Dhabi – Mubasher: Bank of Sharjah saw a 74% year-on-year (YoY) hike in net profits to AED 226 million in 2019 when compared to AED 130 million in 2018, according to the bank’s preliminary financial results for 2019.

The bank’s net operating income increased by 19% to AED 560 million last year from AED 470 million in 2018.

Meanwhile, the earnings per share (EPS) surged by 52% to 9.21 fils in 2019, versus 6.07 fils in the prior year.

It is noteworthy to mention that during the first nine months of 2019, the bank’s net profits plunged by 43% to AED 172 million from AED 301 million in the same period in 2018.