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FINANCIAL NEWS
Bahrain’s Car Parks posts USD2.07m profit for 2012
19 Mar 2013
(MENAFN) Car Parks Company’s chairman, Mahmood Mahmood Hussain, stated that the Bahraini company’s profit grew to USD2.07 million in 2012, compared with USD1.91 million in 2011, reported Gulf Daily News.
Hussain said that the firm’s operating income fell from USD4.69 million, to USD4.48 million.
He added that at the end of 2012, the company’s portfolio in the form of quoted shares, debt securities and guaranteed funds reached USD9.56 million.
On the other hand, the chairman noted that in 2013, the firm will not develop other car park or office facilities; however, it’s ready to run car parks or properties of other businesses.
It is worth noting that some of Car Parks’ investments matured in 2012 and the balance was moved to fixed deposits.
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