Mubasher: Ahli United Bank (AUB), listed on the Bahraini and Kuwaiti bourses, reported a 3.1% increase in net profits during the first quarter of 2017.
Net profits reached $159.43 million in Q1-17, compared to $154.61 million in the same period in 2016, according to the company’s statement to Boursa Kuwait.
Earnings per share (EPS) amounted to 2.1 cents.
The increase in net profits was due to better management of liquidity and financing resources, as well as effective control over expenses, the statement showed.
AUB had posted a 6.2% increase in annual profits to reach $570.6 million in 2016, compared to $537.2 million in 2015.
