Apr 14 2011 |
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Samba net profit dives 7.1% in Q1
RIYADH: Samba Financial Group , Saudi Arabia's second-largest lender by market value, Wednesday posted a 7.1 percent fall in its first-quarter net profit. Samba made a net profit of SR1.12 billion ($298.7 million) in the three months to end March, compared with SR1.2 billion in the same period a year earlier, it said in a bourse statement Wednesday.Analysts expected Samba to make an average SR1.1 billion in net profit for the first quarter.
© The Saudi Gazette 2011
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