ABC Islamic Bank today announced a net profit of $6.7 million for the first nine months of 2011, 320% higher than last year. Net profit for the third quarter was $1.6 million compared to $2.1 million in the second quarter.
Total income for the third quarter was $3.2 million, compared to $4.2 million generated in the second quarter. Operating expenses were kept at the same level of last quarter of $1.5 million. (Press Release)