Thursday, July 24 - 2008

National Bank of Fujairah Q1 profit dips 31%

United Arab Emirates: Wednesday, May 14 - 2008 at 10:49

National Bank of Fujairah said its net profit fell 31% to Dhs55.4m in the first quarter of this year due to a downturn in the global investment climate. Investment losses for the quarter were Dhs30.3m as opposed to investment income of Dhs22.5m for the corresponding quarter of 2007.

Jeff  Florian Jeff Florian, Senior Reporter
Wednesday, May 14 - 2008 at 10:49 UAE local time (GMT+4)

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