Commercial Bank International P.S.C. Reports Unaudited Consolidated Earnings Results for the Three Month Period Ended March 31, 2019; Reports Net Impairment Loss on Financial Assets for the Three Month Period Ended March 31, 2019
April 30, 2019 at 08:46 pm IST
Commercial Bank International P.S.C. reported unaudited consolidated earnings results for the three month period ended March 31, 2019. For the period, the company's net interest income and income from Islamic financing and investing assets was AED 123,602,000 compared to AED 126,248,000 a year ago. Net operating income was AED 207,552,000 compared to AED 206,457,000 a year ago. Profit for the period was AED 19,986,000 compared to AED 39,534,000 a year ago. Basic earnings per share were AED 0.012 compared to AED 0.023 a year ago.
For the quarter, the company reported, net impairment loss on financial assets was AED 96,197,000 compared to AED 39,491,000 year ago.