Sharjah Islamic Bank announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, total income was AED 265.693 million against AED 248.975 million a year ago. Net operating income was AED 152.043 million against AED 141.816 million a year ago. Profit before distribution to depositors was AED 132.715 million against AED 126.618 million a year ago. Profit for the period attributable to the equity holders of the bank was AED 78.757 million or AED 0.03 per share against AED 93.847 million or AED 0.04 per share a year ago.
For the nine months, total income was AED 928.328 million against AED 750.738 million a year ago. Net operating income was AED 587.592 million against AED 428.875 million a year ago. Profit before distribution to depositors was AED 483.852 million against AED 394.110 million a year ago. Profit for the period attributable to the equity holders of the bank was AED 335.767 million or AED 0.14 per share against AED 298.433 million or AED 0.12 per share a year ago. Net cash from operating activities was AED 1,419.369 million against net cash used in operating activities of AED 1,983.577 million a year ago. Acquisition of properties and equipment was AED 12.881 million against AED 21.713 million for the same period a year ago. Acquisition of investment properties were AED 86.089 million against AED 33.179 million for the same period a year ago.