Abu Dhabi – Mubasher: Bank of Sharjah, listed on the Abu Dhabi Securities Exchange (ADX), on Monday reported a 31% year-on-year growth in net profit for the first half of 2018, recording AED 200 million from AED 152 million.
Net operating income increased by 18% to AED 355 million in the six-month period ended June, compared to AED 300 million in the prior-year period, the Sharjah-based bank said in a statement.
On the other hand, net interest income fell by 3% year-on-year to AED 234 million in H1-18 from AED 242 million.
Earnings per share stood at 9.5 fils during the first six months of the current year, versus 7 fils in H1-17.
Moreover, total assets amounted to AED 29,607 million, down 3% from AED 30,511 million in the corresponding period ended December 2017.
Bank of Sharjah previously posted a 34% decline in net profit during 2017, registering AED 265 million, compared to AED 402 million a year earlier.
