Burgan Bank S.A.K. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2012
For the six months period, the company reported net interest income of KD 93,214,000 against KD 84,870,000 a year ago. Operating income was KD 90,732,000 against KD 81,465,000 a year ago. Operating profit before provision was KD 55,871,000 against KD 50,112,000 a year ago. Profit before taxation was KD 40,328,000 against KD 36,405,000 a year ago. Profit for the period was KD 33,830,000 against KD 29,794,000 a year ago. Profit attributable to equity holders of the bank was KD 31,161,000 against KD 25,277,000 a year ago. Basic and diluted earnings per share attributable to equity holders of the bank were 21.1 fils against 16.7 fils a year ago. Net cash generated from operating activities was KD 107,028,000 against net cash used in operating activities of KD 74,737,000 a year ago. Purchase of property and equipment, net of disposals was KD 7,004,000 against KD 1,412,000 a year ago.