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QUDS reports net income of $6.13 million in H1 2017


According to the  financial statements of AL-Quds Bank QUDS for the first half of 2017, Net profit after tax of the period reached 6,132,533 USD Compared with Net profit after tax 4,149,446 USD for 2016, a net increase in profit of 47.79%.Total assets of the company reached 998,760,224 USD compared with total assets of 960,070,324 USD at the end of year 2016, a net increase of 4.03%.Total liabilities of the company reached 900,362,895 USD compared with total liabilities of 871,003,035 USD at the end of year 2016, a net increase of 3.37%. Net ownership equity of the company reached 98,397,329 USD compared with total owner equity of 89,067,289 USD at the end of year 2016, a net increase of 10.48%.Noting that paid-in capital increased from 61,050,000 USD in year 2016 to 68,376,000 USD of this year,a net increase of 12.00%


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