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QUDS posts net income of $7.41 million in 9M 2015

2015-10-14

According to A-Quds Bank QUDS’s financial statements for the first nine months of 2015, Net profit after tax of the period reached 7,409,865 USD Compared with Net profit after tax 5,867,423 USD for 2014, a net increase in profit of 26.29%.Total assets of the company reached 745,901,011 USD compared with total assets of 669,362,172 USD at the end of year 2014, a net increase of 11.43%.Total liabilities of the company reached 670,033,767 USD compared with total liabilities of 598,814,889 USD at the end of year 2014, a net increase of 11.89%. Net ownership equity of the company reached 75,867,244 USD compared with total owner equity of 70,547,283 USD at the end of year 2014, a net increase of 7.54%.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%.