Dubai’s CBD posts 53.3% profit drop in Q4

Dubai-Mubasher: Commercial Bank of Dubai (CBD) posted profits of AED 144.7 million ($39.4 million) in the fourth quarter of 2015, a decrease of 53.3% from AED 310 million ($84.4 million) in the same quarter of 2014, according to a bourse filing on Thursday.

Profits declined 11.7% to AED 1.06 billion in the fiscal year 2015, compared to AED 1.2 billion in the fiscal year 2014.

 

Mubasher Contribution Time: 04-Feb-2016 12:26 (GMT)