ArabFinance: Al Baraka Bank (SAUD) announced, in a statement sent to EGX, the audited financial results for the financial year 2019.

The company posted consolidated net profits of EGP 1,070,792,490, compared to net profits of EGP 1,003,637,505 in the same period a year ago, taking into account the minority rights.

Moreover, it posted standalone net profits of EGP 1,053,837,585, compared to net profits of EGP 1,003,637,505in the same period last year.

It is worth mentioning that the board proposed profit distribution attributable to shareholders of EGP 463.9 million.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.