37.1000
Change
0.3000
Change %
0.8152%
Open
36.8000
Close
36.8000
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Banque Saudi Fransi FY18 profit down 6% on higher expenses

2019-02-03 14:36:28 GMT (Economies.com)
 

Banque Saudi Fransi (BSF) on Sunday posted a decline by 6.4% in net profit for the fiscal year ended December 31, 2018, according to a bourse statement.

 

The bank generated SAR 3.3 billion net profit in FY18, compared with SAR 3.5 billion a year ago.

 

Net commission income amounted to SAR 5 billion, up from SAR 4.7 billion in FY17.

 

The bank ascribed the decrease in net profit to a rise in general expenses by 14.49%.

 

The bank’s Q3 net profit rose 0.399% year-on-year to SAR 1.005 billion, from SAR 1.001 billion in prior-year period.

 

The lender’s bottom line for the first nine months of 2018 amounted to SAR 3.038 billion, a rise of 2.3% year-on-year from SAR 3.109 billion.

 
 
 
  Symbol Last Change Chg.%
1.2052
0.0026
0.2162%
1.3887
-0.0066
0.4698%
Tadawul
10127.90
18.31
0.18%
26.107
0.316
1.223%
61.910
-1.268
2.007%
65.89
0.49
0.75%
1784.090
12.640
0.714%
 
 
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