UPDATE 1-Abu Dhabi lender ADCB Q4 net jumps 40 pct, beats estimates | Reuters:
"Abu Dhabi Commercial Bank (ADCB), the UAE's third largest lender by market value, posted a 40 percent rise in fourth-quarter net profit on Sunday, beating analysts' forecasts, as impairment allowances more than halved.
ADCB, nearly 60-percent owned by the Abu Dhabi government, reported a net profit of 879 million dirhams ($239.5 million) for the three months to December 31, it said in a statement. That compares with a profit of 628 million dirhams in the prior-year period.
Five analysts polled by Reuters had estimated an average fourth quarter profit of 783.50 million dirhams for the quarter."
'via Blog this'
No comments:
Post a Comment