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Article: United Arab Emirates: First Gulf profit rises to Dh775m.(Financial report)
- Article from:
- TendersInfo
- Article date:
- July 24, 2009
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Byline: babalu03
Abu Dhabi's First Gulf Bank (FGB) on Tuesday said its second quarter profits rose to Dh775 million, a three per cent increase over the first quarter, but 4.13 lower than in the same quarter the year before.
The company made a net profit of Dh1.52 billion for the first half of the year, three per cent higher than the Dh1.48 billion earned during the first half of 2008.
Operating income in the first six months of 2009 stood at Dh2.63 billion, a 17.5 per cent year-on-year increase.
Andre Sayegh, FGB's chief executive, said: "2009 continues to be a challenging year for the entire banking industry.
"Our ...