KHCB reports net profit of BD 5.709 Million attributable to the shareholders for the first half of 2020

KHCB reports net profit of BD 5.709 Million attributable to the shareholders for the first half of 2020

Khaleeji Commercial Bank (Trading Code: KHCB), one of the leading Islamic Banks in the Kingdom of Bahrain, has announced its semi-annual financial results ended 30th June 2020, reporting a net profit of BD 5.709 million attributable to the shareholders of the bank, compared to BD 199 thousand for the same period of the previous year, with an increase of 2769%. This had a positive impact on the earnings per share, which reached 6.521 Fils, compared to 0.211 Fils for the same period of the previous year, an increase of 2991%. The increase in net profit is mainly due to the reduction in cost of funding, total expenses and total provision for the period compared to last year. The financial results also showed an increase in the Total Owners'