Dubai – Mubasher: The financial results of Ajman Bank saw a drop in net profits to AED 42.969 million during the first six months of 2020, compared to AED 87.904 million in the same period of 2019.

The bank's net operating income reached AED 278.865 million in the first half (H1) of 2020, down from AED 311.463 million in H1-19.

The earnings per share (EPS) stood at AED 0.02 in H1-20, versus AED 0.041 in the corresponding period of 2019.

During the second quarter (Q2) of 2020, the bank's net profits retreated to AED 38.36 million from AED 45.063 million in the same quarter of 2019.

It is noteworthy to mention that during the first quarter (Q1) of 2020, the bank's net profits plunged to AED 4.609 million, compared to AED 42.841 million in the year-ago period.