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FINANCIAL NEWS
Bahrain National Hotels earns $6.6m in 9 months
28 Oct 2010
(MENAFN) Bahrain National Holding Company (BNH) said that it has posted a net profit of $6.6 million for the nine months ended September 30 against $6 million for the same period last year, Gulf Daily News reported.
The company registered net earned premium income of $27.2 million for the period compared to $26.7 million last time. Underwriting profit was at $3 million in comparison to $4.8 million due to higher than expected claims.
Net investments income increased to $5.8 million from $3.4 million.
BNH is the parent company of Bahrain National Insurance and Bahrain National Life Assurance.
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