United Arab Bank P.J.S.C. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2020
July 27, 2020 at 02:12 pm EDT
United Arab Bank P.J.S.C. announced unaudited earnings results for the first quarter ended March 31, 2020. For the first quarter, the company’s interest income was AED 180,286,000 against AED 231,292,000 a year ago. Total interest income and income from Islamic financing products was AED 192,846,000 against AED 240,863,000 a year ago. Total operating income was AED 125,614,000 against AED 152,048,000 a year ago. Net loss for the period was AED 119,943,000 against net profit of AED 21,580,000 a year ago. Basic loss per share was AED 0.06 against earnings per share of AED 0.01 a year ago.