Dubai-Mubasher: Dubai Islamic Bank (DIB) posted a 5.6% rise in its first-quarter profits, according to a bourse statement.
Profits reached AED 1.003 billion ($273 million) in Q2-16, compared to AED 950.31 million (258.68 million) in Q2-15.
Return on assets stood at AED 72.87 million in Q2-16, a 48% decline from AED 140.10 million in Q2-15.
The bank posted a 11.11% rise in its profits to AED 2 billion in H1-16, compared to AED 1.80 billion in H1-15.
Operating revenues rose to AED 2.2 billion in H1-16 from AED 2.08 billion in H1-15.
Impairment losses fell to AED 190.53 million in H1-16, compared to AED 275.85 million in the same period a year earlier.
The bank’s stock rose 0.4% by 11:30am UAE time after trading 1.8 million shares through 70 transactions, with a turnover of AED 10.20 million.
