Dubai – Mubasher: Dubai Islamic Bank (DIB) said its profits stabilised year-on-year in the fourth quarter of 2016, according to a bourse statement.
Net profits remained unchanged at AED 1.04 billion ($283.09 million) in Q4-16, compared to the prior-year period.
The bank generated net profits of AED 4.05 billion in 2016, up 1% from AED 3.84 billion in 2015.
The bank’s stock up 0.6% to AED 6.15 by 10:40am UAE time, with a turnover of AED 44.49 million generated from the exchange of 7.19 million shares.
