Abu Dhabi – Mubasher: Sharjah Islamic Bank posted a 16% year-on-year decline in its profits during the third quarter of 2016, according to a bourse statement.
Profits reached AED 78.76 million ($21.44 million) in Q3-16, compared to AED 93.84 million ($25.54 million) in Q3-15.
In the first nine months of 2016, profits rose to AED 335.76 million from AED 298.43 million in the prior-year period.
Revenues reached AED 587.59 million in the nine-month period of 2016, up 23.6% from AED 428.87 million.
