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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.
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