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Ajman Bank posts 28% rise in FY18 profit

2019-01-17 14:08:12 GMT (Economies.com)
 

The Dubai-listed Ajman Bank on Thursday posted 28.2% growth in net profit for the fiscal year 2018 to AED 170 million, compared with AED 132.6 million a year earlier.

 

Operating revenues fell to AED 546.9 million, from AE 565.7 million, while expenses declined to AED 376.8 million, from AED 433.1 million.

 

The bank earlier posted a net profit of AED 40.8 million for the third quarter of 2018, compared with a net profit of AED 39.2 million for the corresponding quarter of 2017.

 

Net profit for the first nine months of 2018 also rose to AED 119.8 million, compared with a net profit of AED 94.5 million for the same period in 2017.

 

 
 
 
  Symbol Last Change Chg.%
1.0747
0.0095
0.8876%
1.2630
0.0067
0.5365%
22.111
0.200
0.913%
113.987
3.848
3.494%
117.15
-0.39
0.33%
1853.700
-2.735
0.147%
 
 
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