Abu Dhabi – Mubasher: Sharjah Islamic Bank posted 17.60% year-on-year (YoY) higher net profits attributable to the owners at AED 902.52 million in the first nine months (9M) of 2024, versus AED 767.30 billion.
The lender’s total operating income reached AED 1.61 billion in 9M-24, an annual leap of 14.30% from AED 1.41 billion, according to the unaudited financial results.
Basic and diluted earnings per share (EPS) climbed by 19% YoY to AED 0.25 as of 30 September 2024 from AED 0.21.
Total assets hiked by 13.50% to AED 74.79 billion in 9M-24 from AED 65.87 billion as of 31 December 2023. Meanwhile, customer deposits grew by 6.20% to AED 47.99 billion from AED 45.20 billion.
Income Results for Q3-24
In the third quarter (Q3) of 2024, Sharjah Islamic Bank generated net profits valued at AED 336.36 million, compared to AED 272.73 million in Q3-23.
The total operating income grew to AED 585.20 million in Q3-24 from AED 448.35 million a year earlier, while the basic and diluted EPS went up to AED 0.09 from AED 0.07.
In the first half (H1) of 2024, the ADX-listed lender recorded consolidated net profit attributable to the shareholders worth AED 566.16 million, higher than AED 494.57 million in H1-23.
