Mashreq Q2 net profit jumps 45pc
Dubai, July 23, 2014
Mashreq, Dubai's third-biggest lender by assets, on Wednesday posted a 45 per cent jump in second-quarter net profit.
The lender made a net profit of Dh585 million ($159.3 million) for the three months to June 30, it said in a statement, an increase on the Dh402.6 million recorded for the corresponding period of last year.
Arqaam Capital had expected the bank to make a profit in the quarter of Dh532 million. - Reuters