Oct 12 2011 |
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* Saudi Al Rajhi Bk 3Q Net Pft Rises 18% To SAR1.65B Vs Yr Earlier
Wednesday, Oct 12, 2011
(MORE TO FOLLOW) Dow Jones Newswires
12-10-11 1329GMT
* Saudi Al Rajhi Bk 9 Mos EPS At SAR3.65 Vs SAR3.40 Year Ago
Wednesday, Oct 12, 2011
(MORE TO FOLLOW) Dow Jones Newswires
12-10-11 1332GMT
* CORRECT: Saudi Al Rajhi Bk 3Q Net Pft Rises 18% To SAR1.94B Vs Yr Ago
Wednesday, Oct 12, 2011
(MORE TO FOLLOW) Dow Jones Newswires
12-10-11 1337GMT
Saudi Al Rajhi Bk 3Q Net Pft +18% On Banking, Investment Income Surge
Wednesday, Oct 12, 2011
RIYADH (Zawya Dow Jones)--Saudi Arabia's Al Rajhi Bank (1120.SA), the Arab Gulf region's biggest lender by market value, Wednesday said third-quarter net profit rose 18% to 1.94 billion Saudi riyals ($516.3 million), from the year ago period, due to higher revenue from banking fees and investment income.
Analysts at Cairo-based EFG-Hermes had expected the bank to post a net profit of SAR1.83 billion in the three-month period, while analysts at Bahrain-based SICO had penciled in a SAR1.94 billion result.
Earnings per share in the first nine months of the year rose to SAR3.65, from SAR3.40 in the year earlier, the bank said in a statement posted on the Saudi bourse website. Total operating profit for the third quarter stood at SAR3.19 billion, compared with SAR2.97 billion in the year earlier.
Al Rajhi shares closed trading Wednesday 0.4% higher at SAR68.50 in a slightly negative overall market.
-By Summer Said, Dow Jones Newswires; +966-546-842373; summer.said@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
12-10-11 1349GMT
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