DUBAI, July 18 (Reuters) - Abu Dhabi Commercial Bank on Monday beat the average forecast of analysts despite posting a 12.3 percent fall in second-quarter net profit.
The emirate's third-largest bank by assets made a net profit attributable to shareholders of 1.13 billion dirhams ($307.7 million) in the three months to June 30, compared to 1.28 billion dirhams in the same period a year ago.
Four analysts polled by Reuters had forecast a net profit for the quarter of 1.07 billion dirhams.
(Reporting by David French; Editing by Andrew Torchia) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))
The emirate's third-largest bank by assets made a net profit attributable to shareholders of 1.13 billion dirhams ($307.7 million) in the three months to June 30, compared to 1.28 billion dirhams in the same period a year ago.
Four analysts polled by Reuters had forecast a net profit for the quarter of 1.07 billion dirhams.
(Reporting by David French; Editing by Andrew Torchia) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))
