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Bahrain's Ahli Bank posts 9% drop in Q3 profit

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 14 October 2008

Bahrain's Ahli United Bank , the country's largest by market value, posted a net profit decline of 9 percent to $68.38 million in the third quarter compared to the same period in 2007.

Third-quarter earning were calculated by newswire Reuters based on previous financial data as the lender reported nine-month profit which rose 24 percent to $280 million.

In the first nine months of 2007 it made a net profit of $225.9 million.

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It said the earnings per share reached $0.61 in the nine months to Sept. 30 compared to $0.55 in the same period a year earlier. (Reuters)

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