Monday 30, April 2012 by Robin Amlôt
Bank of Sharjah reports Q1 net profit down 26 per cent on impairment charges
Net profits fell from AED 81 million in Q1 2011 to AED 60 million in Q1 2012 following a 192 per cent rise in the net impairment charge on financial assets to AED 60 million. However, both total income and operating profit rose 15 per cent on year ago levels to AED 175 million and AED 124 million respectively.
