Dubai Islamic Bank Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earning Guidance for the Full Year of 2018; Reports Impairment Charges for the Second Quarter of 2018
For the six months, the company reported net profit of AED 2.44 billion, which is 14% up from AED 2.14 billion, during the same time last year. Net operating income or net operating revenues stand at AED 4 billion when compared to AED 3.6 billion same time last year.
For the quarter, the company reported that helped offset a 20% rise in impairment charges to AED 223.8 million.
The company expects net operating revenues for 2018 to be higher when compared to 2017.