Monday 27, April 2009 by
NBAD Q1 net profit up 57 per cent quarter on quarter
Compared with the March quarter 2008, net attributable profits rose by nine per cent based on the core profits of AED 710 million, after excluding the AED 165 million gain on the sale of land purchased for the purpose of the northern emirates regional office site but later exchanged for another. Annualised diluted earnings for the first quarter were AED 1.39 per share.
