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UIB earnings up 83% in Q1

  • Bahrain: Tuesday, May 13 - 2008 at 11:06

Bahrain-based Unicorn Investment Bank has reported that its earnings rose by $20m in the first three months if this year, or 83%, from $24m in the first quarter of last year to $44m in 2008, reported Arab News. The bank said net profit attributable to its shareholders increased by $15.6m from $4.4m last year to $20m in the first quarter of this year.

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