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Al Baraka Bank – Egypt standalone profits leap to LE1 bn ending Dec 2018

Al Baraka Bank – Egypt standalone profits leap to LE1 bn ending Dec 2018

ArabFinance: Al Baraka Bank – Egypt (SAUD) announced in a statement sent to EGX, the audited financial results for the fiscal period starting July 1, 2018, and ending December 31, 2018.

The company posted standalone net profits of LE1,003,637,505, versus net profits of LE725,258,431 in the same period a year ago.

It is worth to mention, the Board ratified cash dividends of LE281,172,224 from 2018 profits, representing LE1.554 per share, but in case the capital increase procedures finalized by distributing free stocks from 2017 profits, the dividable amount will be LE1.4 per share. 

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