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ADIB reports 35% profit increase ending Dec 2018

ArabFinance: Abu Dhabi Islamic Bank Egypt (ADIB) announced in a statement sent to EGX, the Board of Directors was held on February 18.
The companys BoD approved unaudited financial results for the fiscal period ending December 2018, which revealed posting consolidated net profits of LE850.2 million, versus net profits of LE631.6 million in the same period a year ago, representing 35% growth.
Moreover, it posted standalone net profits after taxes of LE804 million, versus net profits of LE434.8 million a year earlier, representing 85% growth.
It is worth mentioning that the bank decided not to distribute dividends for 2018 due to the delayed losses from previous years worth LE1,360,679.

Time Added: 2019-02-19 11:49:47
Source: arabfinance
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