Sharjah Islamic Bank profits up 9% in FY15

Abu Dhabi-Mubasher: Sharjah Islamic Bank posted profits of AED 410 million ($111.6 million) in the fiscal year 2015, a rise of 8.7% from AED 377.18 million in the fiscal year 2014, according to a bourse filing on Wednesday.

In the fourth quarter of 2015, profits increased 35.7% to AED 111.57 million from AED 82.22 million in the same quarter of 2014.

Net operating revenues grew 20.3% from AED 729.4 million in FY14 to AED 877.3 million in FY15.

Mubasher Contribution Time: 27-Jan-2016 09:22 (GMT)