Mubasher: Al Baraka Banking Group reported a decline of 9.31% in net profits for the second quarter of 2016.
The firm saw net profits of $74.21 million in Q2-2016, compared with $81.83 million for the same period of the previous year.
As for the first half of 2016, the company registered net profits of $143.05 million down by 4.88% from $150.39 million for the same period a year earlier.
The company’s total operating profits also grew by 7.13% reaching $538.22 million in H1-2016, compared with $502.38 million in the similar period of the previous year.
