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Bahrain’s AUB Q2 net profit rises 22 pct

Profit attributable to shareholders in the quarter ended June 30 was $70.2 million.

July 28, 2010 2:36 by



Bahrain’s Ahli United Bank posted on Wednesday a 22 percent rise in quarterly profit.

The bank said in a statement posted on the Kuwaiti stock exchange that profit attributable to shareholders in the quarter ended June 30 was $70.2 million, compared with $57.6 million in the year-earlier quarter. Analysts at SICO Investment Bank expected the bank to post a net profit of $73.7 million.

(Reporting by Frederik Richter; Editing by Dinesh Nair)



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