Ahli United Q2 net profit rises 22pc
Manama, July 28, 2010
Bahrain-based Ahli United Bank posted on Wednesday a 22 per cent rise in quarterly profit.
The bank said in a statement posted on the Kuwaiti stock exchange that profit attributable to shareholders in the quarter ended June 30 was $70.2 million, compared with $57.6 million in the year-earlier quarter.
Analysts at Sico Investment Bank expected the bank to post a net profit of $73.7 million. – Reuters