Al Baraka Group Q3 profits fall 4.6%

Mubasher: Al Baraka Banking Group posted on Sunday a net profit of $60.79 million for the third quarter of fiscal 2016, 4.6% down from $63.7 million.

Net profit for the first nine months of 2015 fell by 4.8% to $203.84 million from $214.09 million for the same period of 2015, according to a bourse filing.

The company earlier reported a net profit of $143.05 million for the first half of 2016, 4.9% down from $150.39 million for H1-15.

Mubasher Contribution Time: 13-Nov-2016 13:51 (GMT)
Mubasher Last Update Time: 13-Nov-2016 13:51 (GMT)