Dubai – Mubasher: Ajman Bank, listed on the Dubai Financial Market (DFM), has reported its condensed interim financial results for the first half of 2019.

The bank has logged a profit of AED 87.9 million for H1-19, versus AED 79.001 million in the year-ago period, according to a bourse filing.

Earnings per share stood at AED 0.041 during the first six months of 2019, compared to AED 0.046 in H1-18.

Net operating income grew to AED 311.46 million in H1-19 from AED 269.9 million in the prior-year period.

In the second quarter of 2019, profits increased slightly to AED 45.06 million from AED 44.98 in Q2-18.

Earnings per share slipped to AED 0.021 during the three-month period ended 30 June 2019 as compared to AED 0.027 in Q2-18.

Total assets amounted to AED 23.68 billion as at 30 June 2019, compared to AED 22.64 billion as at 31 December 2018.

It is worth noting that Ajman Bank previously posted a profit of AED 42.84 million for Q1-19, compared to AED 34 million in Q1-18.

Source: Mubasher

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