Flip through the latest issue of Gulf Weekly.
Gulf International Bank (GIB) reported consolidated net income after tax of $26.8 million for the three months ended March 31.
This was a significant improvement over the $132.4 million loss recorded in the fourth quarter of 2009, although compared to a profit of $42.9 million in the comparable prior year period.
At the operating level, GIB reported consolidated operating income of $30.6 million. This was slightly higher than the operating income recorded in the fourth quarter of 2009.
