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QUDS reports net income of $5.72 million in H1 2019

2019-08-22

According to the financial statements of Al-Quds Bank QUDS for the first half of 2019, Net profit after tax of the period reached 5,724,494 USD Compared with Net profit after tax 5,072,471 USD for 2018, a net increase in profit of 12.85%.Total assets of the company reached 1,235,661,475 USD compared with total assets of 1,213,025,128 USD at the end of year 2018, a net increase of 1.87%.Total liabilities of the company reached 1,123,397,255 USD compared with total liabilities of 1,101,582,019 USD at the end of year 2018, a net increase of 1.98%. Net ownership equity of the company reached 112,264,220 USD compared with total owner equity of 111,443,109 USD at the end of year 2018, a net increase of 0.74%.Noting that paid-in capital increased from 83,570,667 USD in year 2018 to 90,172,750 USD of this year,a net increase of 7.90%.