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FINANCIAL NEWS
Bahrain-BCFC 2012 net profit surges 41%
21 Feb 2013
(MENAFN) Bahrain Commercial Facilities Company’s chairman, Abdulrahman Fakhro, announced that the firm’s net profit in 2012 jumped by 41 percent to USD32.6 million from USD22.95 million a year earlier, reported Gulf Daily News.
Fakhro said that net profit in the fourth quarter grew to USD7.38 million, from 2011’s same period of USD6.59 million.
BCFC’s units reported higher profits in 2012, with National Motor Company posting earnings of USD9.23 million up from USD6.33 million in 2011.
Meanwhile, the real estate division, T’asheelat Real Estate Services Company, recorded a USD4.22-million net profit for 2012, compared with USD224,227 in 2011.
Meanwhile, T’asheelat Insurance Services Company, which is amongst the first insurance brokers to entirely adhere to the new requirements of the Central Bank of Bahrain, posted a net profit of USD1.43 million last year from USD1.30 million.
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