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Islamic Finance Briefing - Categorized | Banking, Performance more

Ahli United Bank reports Q1 profits of $309.8 mln

Posted on 25 April 2013

Excluding this non-recurring gain, AUB reported a 12.2 per cent increase in its net profit, which increased from $86.4 million in Q1/2012 to $96.9 million. This also represents a 23.3 per cent improvement over the Q4-2012 trailing quarter reported profit of $78.6 million. The Basic Earnings per Share was 5.7 cents, compared to 1.6 cents achieved in Q1/2012. The resultant adjusted Operating Basic Earnings per share was 1.8 cents after deducting exceptional gain.
The key drivers to these results was the increase in the operating income of the Group from $214.5 million to $224.2 million (+ 4.5 per cent) and the rise in net interest income by 11.0 per cent to $167.4 million (Q1/2012: $150.8 million)………………………………………..Full Article: Source

 
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