Al Quds Bank Reports Unaudited Earnings Results for the Six Months Ended June 30, 2018
Al Quds Bank reported unaudited earnings results for the six months ended June 30, 2018. For the quarter, the company reported interest income of USD 24,971,171 against USD 22,416,854 a year ago. Net interest income was USD 18,751,637 against USD 16,525,674 a year ago. Net income before tax was USD 7,144,326 against USD 8,032,533 a year ago. Net income after tax was USD 5,072,471 against USD 6,132,533 a year ago. Basic and diluted earnings per share were USD 0.067 against USD 0.090 a year ago. Net cash from operating activities was USD 18,420,328 against USD 48,825,244 a year ago. Purchase of property, plant and equipment was USD 1,104,371 against USD 4,835,780 a year ago.