Reuters logo
Saudi's Riyad Bank Q1 net up 22 pct, above estimates
April 14, 2012 / 1:26 PM / 5 years ago

Saudi's Riyad Bank Q1 net up 22 pct, above estimates

DUBAI, April 14 (Reuters) - Saudi Arabia’s Riyad Bank posted a 21.6 rise in net profit in the first quarter, beating forecasts.

The kingdom’s third-largest lender by market value made 901 million Saudi riyals ($240.3 million) in the three months to end-March, up from 741 million riyals in the year-earlier period, the firm said in a bourse statement on Saturday.

Analysts polled by Reuters had estimated average earnings of 843.9 million riyals. ($1 = 3.7502 Saudi riyals)

Reporting by Amena Bakr; Editing by Firouz Sedarat

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below