Emirates National Bank of Dubai (EMIRATESNBD) 2008 Q2 financial report

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2008 Q2 result list | EMIRATESNBD 2008 Q2 results - forum topic | Emirates National Bank of Dubai - details & pdf financial statements

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AED USD EUR GBP AUD BHD EGP JOD KWD OMR QAR SAR   Precision: 1 2 3
EMIRATESNBD (listed on DFM)   Auditor:   KPMG, and Ernst & Young
EMIRATESNBD accounts in UAE dirhams    
Date of results and share price AED 11.90 on 22 Jul 2008    
Current share price AED 2.87 on 15 Apr 2009    
Chairman Ahmed Al Tayer
CEO
Balance Sheet (AED) 31 Dec 2007 30 Jun 2008   %Δ   ? notes
Total Assets 253,812,252,000 285,517,210,000 12%
Total Liabilities (228,655,381,000) (259,095,293,000) 13% Includes Minority Interests
Shareholders Equity 25,156,871,000 26,421,917,000 5% Excludes Minority Interests
Income Statement (AED) 2007 Q2  2008 Q2       
Revenue (Sales) 2,759,176,000 2,734,081,000 -1% Interest & Islamic Finance Income
Cost of Revenues (COGS) (1,800,372,000) (1,371,181,000) -24% Interest & Islamic Finance Expense
Gross Profit 958,804,000 1,362,900,000 42% Net Interest & Islamic Finance Income
Other Income 957,419,000 1,483,540,000 55%    
Other Expenses (926,925,000) (1,394,796,000) 50%    
Net Profit 989,298,000 1,451,644,000 47%  
Minority Interests (54,000) (338,000) 526%    
Net Profit due to shareholders 989,244,000 1,451,306,000 47%
Earnings Per Share stated (annualized) 0.29 (1.16)    
Ratio Calculations As on 22 Jul 2008      
Number of shares outstanding   5,052,522,477    
EPS calculated (annualized) 0.20 (0.78) 0.29 (1.15) 47%  
Price to Earnings ratio (PE)* 15.2 10.4   Calculated EPS used
Price to Book Value (PBV) 2.4 2.3 -5%  
Return on Assets (ROA)* 1.6% 2.0% 30%
Return on Equity (ROE)* 15.7% 22.0% 40%
Return on Sales (ROS) or Profit Margin 35.9% 53.1% 48%
*Based on annualized profits          
Comments about Emirates National Bank of Dubai Q2 2008 results

22 July (pm): Summary updated from full financial statements. Note that amounts for the previous period 2007 Q2 have been updated and are calculated from EBI and NBD 2007 Q2 data and are not the same as the 07Q2 figures in the supplied 08Q2 statements, because they only show data for EBI in that period. CEO name not supplied with financial statements.

22 July 2008 (am): Emirates NBD apparently released financial during the DFM trading session. Statements not seen yet, summary based on data in a Reuters report. Net Profit for 07Q2 estimated based on reported 45% increase. No further data available. To be updated later.

Chairman name not supplied but presumably is still Rick Pudner. Auditors presumably are still KPMG, and Ernst & Young.

Have your say in the EMIRATESNBD 2008 Q2 results forum topic, includes directors reports and news, if available.

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