43.3000
Change
-0.6500
Change %
1.4790%
Open
43.9500
Close
43.8500
High
44.1500
Low
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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.%
1.1288
-0.0007
0.0602%
1.3280
0.0026
0.1996%
Tadawul
11021.07
-175.65
1.57%
22.310
0.099
0.444%
70.246
2.495
3.683%
73.08
3.20
4.58%
1777.575
-1.015
0.057%
 
 
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