Cairo – Mubasher: Abu Dhabi Islamic Bank - Egypt (ADIB) registered EGP119.8 million ($13.5 million) consolidated profits in the first quarter of 2016, a surge of 151.3% year-on-year from EGP47.7 million ($5.4 million).
Earlier, the bank said Q1 standalone profits jumped 25% year-over-year to EGP83.7 million ($9.4 million) from EGP62.4 million ($7 million), according to a bourse filing.
In 2015, the bank’s profits slipped 16% year-on-year to EGP219 million from EGP261 million.
On Sunday, the stock closed at EGP4.02, 0.49% higher.
