Saudi Samba says net profit rises 2.3 percent, beating forecasts
RIYADH Oct 13 (Reuters) - Saudi's Samba Financial Group said its third-quarter net profit rose 2.3 percent over last year, beating analyst expectations, it said in a bourse statement on Saturday.
The kingdom's second-largest listed lender by market value said that it made 1.16 billion riyals ($310 million) compared with 1.14 billion riyals in the three months ending September 30.
Ten analysts surveyed by Reuters forecast the firm to post, on average, a net profit of 1.13 billion riyals.
The bank attributed its performance to increased operating income without elaborating. (Reporting By Angus McDowall)
- Housing, jobs data weaken, but overall economic picture still upbeat
- Target cyber breach hits 40 million payment cards at holiday peak |
- Pizza outlet attacked as India, U.S. fail to cool diplomat row |
- New York Mayor-elect's reputation for lateness parodied on Twitter
- Putin critic Khodorkovsky free after pardon |