RIYADH: Bank Albilad said its net income for Q2 2011 was SR81.7 million compared to net income of SR32.8 million for the same period in 2010, with an increase of 149 percent, according to information posted on Tadawul website on Saturday.
The total income from operations for Q2 2011 is SR338 million compared to SR272.5 million for the same period in 2010.
The net income from investing and financing assets for Q2 2011 is SR178.5 million compared to 152.2 million for the same period in 2010.
The net income for the six months period ended June 30, 2011 is SR137.1 million compared to net income SR85.4 million for the same period in 2010, with an increase of 60.5 percent.
The earnings per share is SR0.46 for the six months period ended June 30, 2011 compared to SR0.28 for the same period last year.
The main reason for the growth in net profit for the first half 2011 compared to same period last year is the increase in the net income from investing and financing assets and fees and commission income. The bank reclassified some of the financial position items.
© Arab News 2011
