The Saudi British Bank reported earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net profit of SAR 1,432 million compared to SAR 1,129 million a year ago. The increase in net profit was primarily driven by a 33.7% decrease in operating expenses mainly due to a decrease in provisions for credit losses and a 4.4% increase in operating income mainly due to an increase in net special commission income, partially offset by a decrease in trading income. Total profit operation income Investments was SAR 1,879 million compared to SAR 1,801 million a year ago.
For the six months, the company reported net profit of SAR 2,471 million compared to SAR 2,165 million a year ago. Earnings per share were SAR 1.65 compared to SAR 1.44 a year ago. Total profit operation income Investments was SAR 3,653 million compared to SAR 3,625 million a year ago.