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QUDS posts net income of $4.15 million in H1 2016


According to the financial statements of Al-Quds Bank QUDS for the first half of 2016, Net profit after tax of the period reached 4,149,446 USD Compared with Net profit after tax 4,010,911 USD for 2015, a net increase in profit of 3.45%.Total assets of the company reached 843,213,317 USD compared with total assets of 804,160,135 USD at the end of year 2015, a net increase of 4.86%.Total liabilities of the company reached 762,574,982 USD compared with total liabilities of 727,207,684 USD at the end of year 2015, a net increase of 4.86%. Net ownership equity of the company reached 80,638,335 USD compared with total owner equity of 76,952,451 USD at the end of year 2015, a net increase of 4.79%.Noting that paid-in capital increased from 55,000,000 USD in year 2015 to 61,050,000 USD of this year, a net increase of 11.00%.


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