Burgan Bank announced earnings results for the third quarter and nine months ended September 2014. For the quarter, the company reported net profit of KD 15.35 million against net loss of KD 10.3 million a year earlier, driven by a higher interest income resulting from an increased volume of operations. Earnings per share amounted to 8.9 fils, compared to a loss per share of 6.2 fils a year earlier. Operating profit grew 16% on the year to KD 39.87 million. Total operating revenue increased 17% year-on-year to KD 70.32 million.

For nine months, the net profit of the bank marked a 177% annual surge to KD 48.66 million. EPS soared to 28.9 fils from 10.6 fils a year earlier. Operating profit gained 7% to KD 112.62 million. Total operating revenue increased to KD 200.79 million against KD 187.25 million a year earlier.