Cairo – Mubasher: Egypt-based Abu Dhabi Islamic Bank (ADIB) achieved EGP 81.3 million consolidated profits for the first three months of 2016, higher 218.8% year-on-year from EGP 25.5 million, according to a bourse filing.
Over the first nine months, the bank earned EGP 272.07 million, compared with EGP 144.02 million for the year-ago period.
The standalone results for the third quarter revealed that net profits jumped 235% year-on-year to EGP 92.4 million from EGP 27.6 million.
On a nine-month scale, the bank registered a 68.2 profit increase to EGP 263.6 million from EGP 156.7 million for the year-ago period.
The stock quote was placed at EGP 4.15 with a 9.5% rise by 11:39am Cairo time. The bourse administration had suspended trading on the stock for 30 minutes after crossing the 5% par.
