Abu Dhabi – Mubasher: Sharjah Islamic Bank registered net profits valued at AED 767.30 million during the first nine months (9M) of 2023, an annual increase of 34.90% from AED 568.60 million.
The total operating income climbed by 22.80% to AED 1.41 billion as of 30 September 2023 from AED 1.15 billion in 9M-22, according to the unaudited financial statements.
The basic and diluted earnings per share (EPS) went up to AED 0.21 in January-September 2023 from AED 0.15 a year earlier.
Total assets increased by 7.30% to AED 63.40 billion in 9M-23 from AED 59.12 billion as of 31 December 2022, while the customer deposits grew by 14.50% to AED 45.24 billion from AED 39.52 billion.
Financial Statements for Q3-23
In the third quarter (Q3) of 2023, the bank’s net profits enlarged to AED 272.73 million from AED 206.73 million during the corresponding period in 2022.
The operating income surged to AED 448.35 million in Q3-23 from AED 379.40 million in Q3-22, while the basic and diluted EPS grew to AED 0.07 from AED 0.05.
It is worth highlighting that the Q3-23 net profits were higher than the AED 233.06 million recorded in Q1-23.
