Wednesday, April 25, 2012

UK - EIIB pre-tax losses rise

StockMarketWire.com - European Islamic Investment Bank's operating income rose by 95% to £9.7m in 2011 but pre-tax losses increased from £6.7m to £8.5m.

The underlying profit before tax for the year to the end of December - excluding the Arcapita provision - was £1.2m. (source)


EIIB had total assets of £159m at 31 December - down from £182m at the end of 2010 - and a minimum regulatory capital requirement thereon of £13.7m (31 December 2010: £12.7m).

The base capital stood at £66.3m (2010: £79.6m) which is 4.8 times (2010: 6.3) the required minimum.



At 9:16am: (LON:EIIB) share price was +0.05p at 3.57p

Source:  http://www.stockmarketwire.com/article/4354700/EIIB-pre-tax-losses-rise.html - April 24, 2012

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