UGB first quarter net profit jumps 89 per cent

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Wednesday 09, May 2012 by Isla MacFarlane

UGB first quarter net profit jumps 89 per cent

United Gulf Bank (UGB), the asset management and investment banking platform of the KIPCO Group, has announced a net profit of $9.1 million for the first quarter of 2012 – an 89 per cent increase over the first three months of 2011.

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