Google+ Followers

Wednesday, 19 April 2017

UPDATE 1-Dubai's Emirates NBD Q1 profit rises 4 pct, meets forecasts | Reuters

UPDATE 1-Dubai's Emirates NBD Q1 profit rises 4 pct, meets forecasts | Reuters:

"Emirates NBD, Dubai's largest lender, reported a 4 percent rise in first-quarter net profit on Wednesday as expenses and provisions for bad loans declined.

Net profit came in at 1.87 billion dirhams ($509 million) in the three months ended March 31, Emirates NBD (ENBD) said in a statement, compared with 1.81 billion dirhams in the year-ago period.

That was in line with the average forecast of three analysts polled by Reuters, who had expected a net profit of 1.79 billion dirhams."



'via Blog this'