| 26.02.2009 - United Gulf Bank posts $207 mln net profit |
| From Gulf-daily-news.com: United Gulf Bank (UGB) earned a net profit of $207.2 million, or 25.31 cents per share, last year. This was a decrease of 6.2 per cent on the $220.9m profit for 2007. The bank said its last year's results were achieved while applying conservative accounting principles on asset valuation and despite a $141.7m loss in the fourth quarter..... Full Article: Source |