Thursday 31 July 2014
 
»
 
»
Story

Saudi Hollandi Q2 net jumps 28pc

Riyadh, 24 days ago

Saudi Hollandi Bank posted a 28.1 per cent increase in second-quarter net profit on Sunday, boosted by higher operating income.

The kingdom's oldest bank and its seventh-largest listed lender by assets made a net profit of 480.3 million riyals ($128.1 million) in the three months to June 30, compared with 374.8 million riyals in the corresponding period of 2013, it said in a statement.

It cited higher operating income - which increased 17 per cent year-on-year to 811.2 million riyals - for the increase in net profit without elaborating.

Saudi companies issue brief earnings statements early in the reporting period before publishing more detailed results later.-Reuters




Tags: Bank | income | Saudi Hollandi |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com