Quds Bank Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2018
Quds Bank reported unaudited earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported interest income of USD 12,447,677 against USD 11,629,646 a year ago. Net Interest Income was USD 9,345,385 against USD 8,584,149 a year ago. Net Income before tax was USD 3,176,486 against USD 4,636,518 a year ago. Net Income after tax was USD 2,257,496 against USD 3,941,039 a year ago. Basic and diluted earnings per share were USD 0.033 against USD 0.065 a year ago. Net Comprehensive Income was USD 2,591,201 against USD 5,681,792 a year ago. Net cash used from operating activities was USD 17,138,193 against net cash from operating activities of USD 108,267,727 a year ago. Purchase of property, plant and equipment was USD 448,725 against USD 2,901,867 a year ago.