Ahli United Bank (AUB) announced a net profit of $62.8 million for the six months of this year yesterday with an increase of 27.2 percent over the same period in 2003. Gross operating income was $114.9 million as of June 30, 2004 against $102.1 million during the same period of 2003 with a cost-to-income ratio of 36.1 percent. Net interest income rose by 15.5 percent over the same period last year. Fees and other income, excluding gains on the sale of non-trading investments, grew by 19.2 percent to $46.5 million, according to a report published today by Arab News.
