Dubai-Mubasher: Emirates Islamic Bank (EIB) posted a 77% decline year-on-year in its first-quarter profits, according to a bourse statement.
Profits stood at AED 45 million ($12.25 million) in the first quarter of 2016, compared to AED 194 million ($52.8 million) in the same quarter of 2015.
Net income rose 15% to AED 526 million ($143.21 million) year-on-year in Q1-16.
