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ABC Islamic Bank Announces $1.4 Million Profit
Manama Published in Saudi Press Agency on 13 - 08 - 2010

ABC Islamic Bank on Thursday announced a net profit of $1.4 million for the first half-year of 2010.
Net loss for Q2 was $0.4 million compared to profit of $1.8 million in Q1, primarily due to impairment provisions, according to a report of Arab News.
Total income for Q2 was $4.1 million, 5.4 percent above $3.9 million generated in Q1. Operating expenses increased marginally to $1.6 million compared to $1.4 million in the previous quarter.

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