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Capinnova announces first quarter results

Posted on 13 May 2010

From Albawaba.com: Capinnova Investment Bank, the Shariah compliant investment banking arm of BBK, today announced that the Bank has reported a gross revenue of US$3.37 million for the period ended 31st March 2010 in comparison to US$421 thousand for the period ended 31st March 2009.
The net profit reported for the period ended 31st March 2010 was US$1.46 million as compared to net loss of US$1.65 million for same period in 2009. The total revenue includes US$1.63 million in relation to the fair value adjustment for transfer of Sakana Holistic Housing Solutions………………………………………Full Article: Source

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