ADCB shares retreat as Q2 profit plunges | ZAWYA MENA Edition:
Abu Dhabi Commercial Bank’s (ADCB) net profit for Q2 2019 plunged 10.49 percent triggering a drop in the bank’s shares.
The bank’s Q2 2019 net profit amounted to 1.45 billion dirhams ($394.76 million) compared to 1.62 billion dirhams in the same period last year.
The bank’s shares were trading 1.54 percent lower at 8.95 dirhams by 12:50 GST. It has added 9.68 percent so far since the start of the year 2019.
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