RIYADH: Alinma Bank has announced its interim consolidated financial results for the three-month period ended March 31, 2011.
Net income for Q1 amounted to SR70 million, compared to net loss of SR75 million for the same quarter of previous year and compared to a net income of SR67 million for Q4 2010 with an increase of 4.5 percent, according to a bank's statement on Tadawul website.
Total operating income for Q1 amounted to SR262 million compared to SR82 million for the same quarter of last year with an increase of 219 percent.
Income from investing and financing activities for Q1 amounted to SR239 million compared to SR67 million for the same quarter of previous year with an increase of 256 percent.
Earning per share for the three months amounted to SR0.05 compared to loss per share of SR0.05 for the same period of previous year.
Increase in net income in Q1, 2011 compared to Q1, 2010, was mainly due to significant growth in the core banking activities.
© Arab News 2011
