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QUDS reports net income of $6.08 million in H1 2020

2020-08-10

According to the financial statements of Al-Quds Bank QUDS for the first half of 2020, net profit after tax of the period reached 6,079,477 USD Compared with Net profit after tax 5,724,497 USD for 2019, a net increase in profit of 6.20%.Total assets of the company reached 1,323,548,671 USD compared with total assets of 1,330,672,041 USD at the end of year 2019, a net decrease of 0.54%.Total liabilities of the company reached 1,205,953,595 USD compared with total liabilities of 1,213,146,248 USD at the end of year 2019, a net decrease of 0.59%. Net ownership equity of the company reached 117,595,076 USD (Including Non-Controlling Interests of 124,561 USD) compared with total owner equity of 117,525,793 USD at the end of year 2019, a net increase of 0.06%.Noting that paid-in capital increased from 90,172,750 USD in year 2019 to 93,172,750 USD of this year,a net increase of 3.33%.