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QUDS posts net income of $4.01 million in H1 2015


According to Al-Quds Bank QUDS’s financial statements for first half of 2015, Net profit after tax of the period reached 4,010,911 USD Compared with Net profit after tax 3,644,041 USD for 2014, a net increase in profit of 10.07%.Total assets of the company reached 732,344,950 USD compared with total assets of 669,362,172 USD at the end of year 2014, a net increase of 9.41%.Total liabilities of the company reached 660,872,520 USD compared with total liabilities of 598,814,889 USD at the end of year 2014, a net increase of 10.36%. Net ownership equity of the company reached 71,472,430 USD compared with total owner equity of 70,547,283 USD at the end of year 2014, a net increase of 1.31%.Noting that paid-in capital increased from 50,000,000 USD in year 2014 to 55,000,000 USD of this year,a net increase of 10.00%.


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