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ADCB loses on equity income
- United Arab Emirates: Tuesday, April 17 - 2007 at 08:03
Abu Dhabi Commercial Bank posted a $128m profit for Q1 2007, 24.5% lower than the $170m earned in Q1 2006 following a downturn in revenues from share floats, Emirates Today reported. The bank said its core operating profit grew by 35% after making adjustments for revenues from initial public offerings. Assets grew by 8% to $24bn in the first three months of the year.
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James McInerney, News EditorTuesday, April 17 - 2007 at 08:03 UAE local time (GMT+4)
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This article was updated on Tue May 01 2007.
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