Monday 28, July 2008 by

Bank of Sharjah profits up by 27 per cent

Bank of Sharjah has released its first half results and said it generated net profits of $53.1 million, an increase of 27 per cent compared with $41.6 million for the same period of last year. Moreover, it registered an additional profit of $31.8 million in shareholder's equity due to cumulative changes in the fair value of investments. The bank's total profits of $84.9 million represent 116 per cent increase over the corresponding June 2007 figure of $39.2 million.

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