MANAMA: Bank ABC has reported consolidated net profit, attributable to the shareholders of the parent, for the first half of 2018 at $113 million, 11 per cent higher when compared with $102m reported for the same period of the previous year.
Profit before taxation was $119m, 25pc lower compared with $158m in the first half of 2017, and normalises to a positive 6pc growth, after adjusting for effects of foreign currency hedging transactions in Banco ABC Brasil, which have an offsetting tax charge impact and other one-off non-core items .