Oct 12 2011 |
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Saudi Bank Al Jazira Profit Rises To SAR65M
Wednesday, Oct 12, 2011
RIYADH (Zawya Dow Jones)--Saudi-based Bank Al Jazira (1020.SA) said Wednesday its third-quarter net profit increased sharply to 66 million Saudi riyals ($17.6 million) from SAR22 million a year earlier due to lower operating expenses.
Earnings per share for the first nine months of the year rose to SAR0.64 from SAR0.19, while third-quarter operating income rose 0.34% to SAR294 million, the lender said in a statement posted on the Saudi bourse website.
Al Jazira said net lending income, or special fee net income, rose 20% to SAR210 million in the three months to September.
Total assets at the end of September were up 26% at SAR37.6 billion.
(END) Dow Jones Newswires
12-10-11 1617GMT
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