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.