Monday 21 September 2020

ADCB Q2 net profit down 12.3pc

ABU DHABI, July 18, 2016

Abu Dhabi Commercial Bank on Monday beat the average forecast of analysts despite posting a 12.3 per cent fall in second-quarter net profit.

The emirate's third-largest bank by assets made a net profit attributable to shareholders of Dh1.13 billion ($307.7 million) in the three months to June 30, compared to Dh1.28 billion in the same period a year ago.

Four analysts polled by Reuters had forecast a net profit for the quarter of Dh1.07 billion.-Reuters

Tags: Abu Dhabi Commercial Bank | profit |

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