Bahraini GFH registers USD11m net profit in 2014

24 Feb 2015

(MENAFN) Bahraini GFH, the financial group, logged a net profit of USD11 million in 2014, compared with a loss of USD18m in 2013,

According to the company, the annual profit is mainly attributed to the contribution made by shareholders.

The firm adopted a new strategy to create a stable financial position by increasing capital and enhancing the balance sheet.

“We have taken steps in 2014 to recapitalize our balance sheet, strengthen our structure and emerge as a financial group,” GFH’s chairman said in a statement.

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