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FINANCIAL NEWS
Bahrain’s Al Baraka Group net profit hits USD275m in 2014
26 Mar 2015
(MENAFN) Bahraini Al Baraka Group posted a net profit of USD275 million, marking a 7 percent increase over 2013’s net profit, Saudi Gazette reported.
The Group also announced transferring a sum of USD15.173 million, which is equivalent to 10 percent of its net income. The firm’s total assets soared by 12 percent.
The Group’s good results in 2014 mirror its ability in sustaining steady financial performance over recent years, despite the global economic crisis that hindered many companies.
“We consider the outstanding results achieved during year 2014 as a clear embodiment of the success of the business model that we have followed since the inception of the Group,” Chairman of Al Baraka Group said.
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