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Mashreq net income declines 26%
- United Arab Emirates: Saturday, October 31 - 2009 at 16:12
Mashreq has posted a net income of Dhs1.12bn for the nine months ending 30 September 2009. This is 26% decline year on year in response to prudent financial management. Mashreq's earnings per share is at at Dhs6.95, a 26% reduction year on year. The bank has increased its provisions for loans, advances, and other financial assets to Dhs1.4bn.
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Medilyn Manibo, Assistant News EditorSaturday, October 31 - 2009 at 16:12 UAE local time (GMT+4)
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