Arab African int’l bank – financial results

Published October 18th, 2000 - 02:00 GMT

The bank suffered a 23.5 percent decrease in gross profit to register $12million dollars in June 30th 2000 down from $ 15.7 million in June 30th 1999. This is while net profit went up from $ 7.6 million to $ 14.5million in the same dates with a 93 percent increase. Assets also went up from $ 957 million in June 30th 1999 to $ 974.8million in June 30th 2000 with 1.9 percent increase. – (El Safwa Stock Brokers

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