DUBAI, July 6 Saudi Hollandi Bank
posted a 28.1 percent increase in second-quarter net profit on
Sunday, boosted by higher operating income.
The kingdom's oldest bank and its seventh-largest listed
lender by assets made a net profit of 480.3 million riyals
($128.1 million) in the three months to June 30, compared with
374.8 million riyals in the corresponding period of 2013, it
said in a statement.
It cited higher operating income - which increased 17
percent year-on-year to 811.2 million riyals - for the increase
in net profit without elaborating.
Saudi companies issue brief earnings statements early in the
reporting period before publishing more detailed results later.
($1 = 3.7504 Saudi Riyals)
(Reporting by David French; Editing by Olzhas Auyezov)