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QUDS reports net income of $2.46 million in Q1 2019

2019-05-02

According to the financial statements of Al-Quds Bank QUDS for the 1st Quarter of 2019, Net profit after tax of the period reached 2,463,265 USD Compared with Net profit after tax 2,257,496 USD for 2018, a net increase in profit of 9.11%.Total assets of the company reached 1,168,066,988 USD compared with total assets of 1,213,025,128 USD at the end of year 2018, a net decrease of 3.71%.Total liabilities of the company reached 1,054,304,520 USD compared with total liabilities of 1,101,582,019 USD at the end of year 2018, a net decrease of 4.29%. Net ownership equity of the company reached 113,762,468 USD compared with total owner equity of 111,443,109 USD at the end of year 2018, a net increase of 2.08%.