Mashreq bank posts 9.5% increase in first quarter net profit, missing estimates - The National:
"Dubai-based lender Mashreq posted a 9.5 per cent increase in first quarter net profit, missing analysts’ estimates, as expenses rose and fees and commissions income declined. Net profit in the three months to the end of March rose to Dh598 million from Dh546m in the year-earlier period, the bank said on Monday. Two analysts polled by Bloomberg had forecast a mean net profit of Dh623.5m."
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