Dubai Islamic Bank (DIB), the largest sharia-compliant lender in the emirate, on Monday said its first-quarter net profit rose 11 percent, in-line with one analyst's forecast and helped by growth in its core businesses.
DIB, an advisor to Dubai government's recent $1.25 billion bond sale, posted a net profit of 245 million dirhams ($66.70 million) for the first-quarter, it said in a bourse statement.
That compared with net profit of 222 million dirhams for the year-ago period. An analyst polled by Reuters forecasted net profit of 246 million dirhams for the quarter in a Reuters poll.
No comments:
Post a Comment