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QUDS posts net income of $2.62 million in Q1 2024

2024-06-24

According to the financial statements of Al-Quds Bank QUDS for the  1st Quarter of 2024, Net profit after tax of the period reached 2,616,489 USD Compared with Net profit after tax 5,234,717 USD for 2023, a net decrease in profit of 50.02%.Total assets of the company reached 1,493,240,906 USD compared with total assets of 1,508,701,487 USD at the end of year 2023, a net decrease of 1.02%.Total liabilities of the company reached 1,335,677,816 USD compared with total liabilities of 1,353,713,656 USD at the end of year 2023, a net decrease of 1.33%. Net ownership equity of the company reached 157,563,090 USD (Including Non-Controlling Interests of 2,590,019 USD) compared with total owner equity of 154,987,831 USD (Including Non-Controlling Interests of 2,522,885 USD) at the end of year 2023, a net increase of 1.66%.