14.05.2012 - Ithmaar swings to Q1 net loss
Bahrain-based Islamic retail bank Ithmaar registered a net loss of $500,000 in the first quarter compared to a net profit of $4.8 million in the same period last year mainly due to prudent impairment provisions. Announcing the results on Sunday, the Islamic bank said this was despite a net operating profit of $4.4 million before impairment provisions and taxation, compared to a net operating loss of $2.8 million in the same period last year...............................................Full Article: Source
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