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- Dubai 04:24 05:43 12:19 15:46 18:51 20:09
Dubai Islamic Bank (DIB), the UAE-based Sharia-compliant lender, posted a 55.7 per cent increase in third-quarter net profit on Wednesday, beating analysts' forecasts.
The bank made Dh676.8 million ($184.3 million) of net profit attributable to the owners of the bank in the three months to September 30, it said in a statement to the Dubai bourse, up from Dh434.8 million in the corresponding period of 2013.
The average forecast of four analysts polled by Reuters was for a net profit in the period of Dh659.5 million.
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