Bank of Palestine Reports Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2018
Bank of Palestine reported unaudited consolidated earnings results for first quarter ended March 31, 2018. For the period, the bank’s interest income was USD 39,015,281 against USD 36,109,234 a year ago. Net interest income was USD 28,788,803 against USD 26,370,642 a year ago. Net income before tax was USD 16,909,640 against USD 16,553,433 a year ago. Net income after tax was USD 12,417,912 against USD 12,346,175 a year ago. Basic and diluted earnings per share were USD 0.250. Net cash flow used in operating activities was USD 183,845,501 against net cash flow from operations of USD 278,150,053 a year ago. Purchase of property, plant and equipment was USD 3,675,260 against USD 5,504,076 a year ago.