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QUDS posts net income of $6.20 million in H1 2024

2024-09-16

According to the financial statements of Al-Quds Bank QUDS for the first half of 2024, Net profit after tax of the period reached 6,197,342 USD Compared with Net profit after tax 11,845,236 USD for 2023, a net decrease in profit of 47.68%.Total assets of the company reached 1,517,593,981 USD compared with total assets of 1,508,701,487 USD at the end of year 2023, a net increase of 0.59%.Total liabilities of the company reached 1,356,994,900 USD compared with total liabilities of 1,353,713,656 USD at the end of year 2023, a net increase of 0.24%. Net ownership equity of the company reached 160,599,081 USD (Including Non-Controlling Interests of 2,585,840 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 3.62%.Noting that paid-in capital increased from 100,000,000 USD in year 2023 to 105,000,000 USD of this year,a net increase of 5.00%