Most card issuers have seen a significant drop in their
net profits in the first quarter of 2019, a clear sign a card transaction fee cut is beginning to hit their bottom lines.
The
net profit jump was the result of a SR2.63 billion gain as the company wrote back provisions for doubtful receivables from subscribers, it said without elaborating.
Dredging firm Deme, 50% owned by AvH, increased its
net profit to EUR 34.4 million from EUR 27.7 million.
reported a 34.7 percent decline in
net profit to 532.46 billion yen, following a year-earlier special profit from making U.S.
Analysts polled by Reuters on average expected the firm to post a quarterly
net profit of 270.7 million dirhams.
The bank's
net profit for last year amounted to RUB3.9bn (USD124m/EUR96m).
On the other hand, aggregate
net profit of listed Kuwaiti companies for the third quarter stood at 260.16 million dinars, down by 30.21 per cent year-on-year, compared to 372.75 million dinars
net profit for the corresponding period of last year.
Bahrain-based Capinnova Investment Bank, the Shari'a compliant investment banking arm of BBK, has reported a
net profit of $806,000 for the second quarter of the year as compared to a
net profit of $159,000 for the same period in 2010.
Following shows Q1 and annual
net profit figures of banks in Turkey (in million TL):
Global Banking News-September 15, 2010--SocGen eyes EUR6bn group
net profit in 2012(C)2010 ENPublishing - http://www.enpublishing.co.uk
Kuwait reported an increase in
net profits of 70.22pc last year but elsewhere the trend was downward with the Bahraini banking sector reporting the biggest losses in
net profit as it declined by 35.23pc.
Their total
net profit dropped to SR 1324.2 million in 2009 from SR 2362.5 million during the year 2008.
