Sharjah Islamic Q1 profits grow 28.6%

Abu Dhabi-Mubasher: Sharjah Islamic Bank saw a 28.6% rise year-on-year in its profits for the second quarter of 2016, according to a bourse filing.

Profits reached AED 125.59 million ($34.2 million) in Q2-16, compared to AED 97.69 million ($26.6 million) in Q2-15.

The bank generated profits of AED 257 million in H1-16, compared to AED 204.6 million in H1-15.

Revenues stood at AED 662.63 million in H1-16, a growth of 32% from AED 501.76 million in H1-15.

Mubasher Contribution Time: 24-Jul-2016 11:30 (GMT)
Mubasher Last Update Time: 24-Jul-2016 11:30 (GMT)