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Union National Bank posts 38% drop in Q3 net profit

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 21 October 2009
UAE DIRHAM: Union National Bank posted a net profit of AED358.05m for Q3.
UAE DIRHAM: Union National Bank posted a net profit of AED358.05m for Q3.

Union National Bank (UNB) on Wednesday posted a 38 percent drop in third-quarter net profit as impairments weigh and gains on investment properties boosted last year's comparison figure.

UNB said third-quarter net profit fell to AED358.05m from AED581.65m in the same quarter one year ago. UNB's quarterly profit easily beats the forecasts of four analysts polled by Reuters, who had pencilled in AED256.13m in third-quarter profit. (Reuters)



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more » MIDDLE EAST MARKETS DATA

UNB.ADX

Last Price:

3.66

+0.03+0.82%

19 Nov 2009 09:57 GMT
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