Samba posts SAR 1.2bn profits in Q1

Riyadh – Mubasher: Samba Financial Group reported SAR 1.23 billion in profits ($328 million) for the first quarter of 2017, compared to SAR 1.26 billion ($336 million) in the year-ago period, with a 2.3% decrease.

The company attributed the fall in net profits to higher total operating expenses by 9.8%, due to an increase in credit costs, according to a bourse filing on Thursday.

Total operating profits reached SAR 1.98 billion in Q1-17 compared to SAR 1.94 billion in the same quarter of the previous year.

Moreover, net special commission income levelled up 8.5% to SAR 1.36 billion in Q1-17 from SAR 1.25 billion in Q1-16.

Mubasher Contribution Time: 20-Apr-2017 13:30 (GMT)
Mubasher Last Update Time: 20-Apr-2017 13:51 (GMT)

Request a Trial

Title:*
First Name:*
Last Name:*
Job Title:*
Phone:*
Company:*
Email:*
Country:*
Comments:
*Required Fields
 
Submit

Already Registered?

Username/ Email:
Password:
 
Login
Support & Feedback
Ask for free trial