Burgan Bank S.A.K. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net interest income of KD 29,949,000 against KD 28,734,000 a year ago. Operating income was KD 48,114,000 against KD 42,663,000 a year ago. Operating profit before provision was KD 29,311,000 against KD 27,095,000 a year ago. Profit before taxation was KD 19,968,000 against KD 19,085,000 a year ago. Profit for the period was KD 16,305,000 against KD 15,922,000 a year ago. Profit attributable to equity holders of the bank was KD 13,623,000 against KD 13,455,000 a year ago. Basic and diluted earnings per share attributable to equity holders of the bank were 9.3 fils against 8.9 fils a year ago.

For the six months period, the company reported net interest income of KD 93,214,000 against KD 84,870,000 a year ago. Operating income was KD 90,732,000 against KD 81,465,000 a year ago. Operating profit before provision was KD 55,871,000 against KD 50,112,000 a year ago. Profit before taxation was KD 40,328,000 against KD 36,405,000 a year ago. Profit for the period was KD 33,830,000 against KD 29,794,000 a year ago. Profit attributable to equity holders of the bank was KD 31,161,000 against KD 25,277,000 a year ago. Basic and diluted earnings per share attributable to equity holders of the bank were 21.1 fils against 16.7 fils a year ago. Net cash generated from operating activities was KD 107,028,000 against net cash used in operating activities of KD 74,737,000 a year ago. Purchase of property and equipment, net of disposals was KD 7,004,000 against KD 1,412,000 a year ago.