Monday 11 July 2011

Saudi's Samba Financial Q2 profit slips 9.7 pct | Reuters

Samba Financial Group (1090.SE), Saudi Arabia's second-largest lender by market value, reported a 9.7 percent decline in quarterly profits on Monday, in line with expectations.

Samba said second quarter net profit was of 1.102 billion riyals ($293.3 million) for the period June 30, compared to 1.22 billion riyals in the prior-year quarter.

Analysts had forecast average profit of 1.11 billion riyals, according to a Reuters survey.


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