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QUDS posts net income of $11.85 million in H1 2023

2023-08-15

According to the financial statements of Al-Quds Bank QUDS for the first half of 2023, Net profit after tax of the period reached 11,845,236 USD Compared with Net profit after tax 9,626,666 USD for 2022, a net increase in profit of 23.05%.Total assets of the company reached 1,401,357,579 USD compared with total assets of 1,452,071,129 USD at the end of year 2022, a net decrease of 3.49%.Total liabilities of the company reached 1,242,472,597 USD compared with total liabilities of 1,294,443,867 USD at the end of year 2022, a net decrease of 4.01%. Net ownership equity of the company reached 158,884,982 USD (Including Non-Controlling Interests of 2,484,237 USD) compared with total owner equity of 157,627,262 USD (Including Non-Controlling Interests of 2,283,228 USD) at the end of year 2022, a net increase of 0.80%.