Islamic bank Al Baraka H1 profit falls 22 pct even as Q2 recovers from first quarter slowdown
Al Baraka Banking Group posted a drop of 22 per cent in net income for the first six months of this year compared to the same period in 2018.
The Bahrain-headquartered Group’s H1 net income fell to $95 million compared to $122 million for H1 2018, it said in a bourse filing on Tuesday.
Its total operating income for H1 was $442 million, a 14 per cent drop versus $512 million for the same period last year.
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