Abu Dhabi – Mubasher: Bank of Sharjah, listed on the Abu Dhabi Securities Exchange (ADX), on Sunday posted its condensed consolidated interim financial results for the first half of 2019.
The bank has logged a net profit of AED 151.85 million for the six-month period ended 30 June, versus AED 200.064 million in the year-ago period, according to a bourse filing.
Net interest income stood at AED 223.19 million in H1-19, compared to AED 234.23 million in the same period of 2018, Bank of Sharjah revealed.
Moreover, operating income fell to AED 307.44 million in the first six months of the year from AED 348.27 million in H1-18.
In the second quarter of 2019, net profit reached AED 100.25 million, compared to AED 116.25 million in Q2-18, the ADX-listed lender added.
Earnings per share stood at AED 0.048 during the three-month ended 30 June 2019, versus AED 0.055 in Q2-18.
Total assets amounted to AED 30.33 billion as at 30 June 2019, compared to AED 29.01 billion as at 31 December 2018.
In July, Bank of Sharjah reported a 38% decrease in net profits for Q1-19, recording AED 52 million, versus AED 84 million in Q1-18.
