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Saudi Hollandi's net gain jumps 28.1% in Q2

July 7, 2014



It cited higher operating income which increased 17 per cent year-on-year to SR811.2 million for the increase in net profit without elaborating.



Saudi Hollandi Bank posted a 28.1 per cent increase in second-quarter net profit on Sunday, boosted by higher operating income.







The kingdom's oldest bank and its seventh-largest listed lender by assets made a net profit of SR480.3 million ($128.1 million) in the three months to June 30, compared with SR374.8 million in the corresponding period of 2013, it said in a statement.







It cited higher operating income which increased 17 per cent year-on-year to SR811.2 million for the increase in net profit without elaborating.




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Source: Khaleej Times (United Arab Emirates)


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