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08 Aug

Al Salam Bank posts higher profits in Q2


Al Salam Bank – Bahrain reported a 5.6% year-on-year rise in its profits during the second quarter of 2017, according to a bourse statement.

Profits reached BHD 4.09 million ($10.76 million) in Q2-17, compared to BHD 3.87 million ($10.2 million) in Q2-16.

Operating income reached BHD 15.06 million in Q2-17, compared to BHD 12.20 million in Q2-16.

Operating expenses reached BHD 5.79 million in Q2-17, a decline of 17% from BHD 6.97 million in Q2-16.

In the first half of 2017, profits rose 0.2% to BHD 8.39 million from BHD 8.38 million in the prior-year period.

Source: Mubasher


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