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QUDS posts net income of $5.07 million in H1 2018

2018-09-04

According to the financial statements of Al Quds Bank QUDS for the first half of 2018, Net profit after tax of the period reached 5,072,471 USD Compared with Net profit after tax 6,132,533 USD for 2017, a net decrease in profit of 17.29%.Total assets of the company reached 1,047,006,378 USD compared with total assets of 1,075,629,534 USD at the end of year 2017, a net decrease of 2.66%.Total liabilities of the company reached 950,968,684 USD compared with total liabilities of 972,898,860 USD at the end of year 2017, a net decrease of 2.25%. Net ownership equity of the company reached 96,037,694 USD compared with total owner equity of 102,730,674 USD at the end of year 2017, a net decrease of 6.52%.Noting that paid-in capital increased from 68,376,000 USD in year 2017 to 75,213,600 USD of this year,a net increase of 10.00%