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FINANCIAL NEWS
Bahrain’s GFH records USD 6.1mn net profit
16 May 2016
(MENAFN) Bahrain-based GFH Financial Group recorded a net profit of USD 6.1mn for Q1, up 176 percent over USD 2.2mn for the same period of 2015.
Accordingly, the firm proclaimed that it had made a profit of USD 10mn for the cited quarter, thus posting a 66 percent increase from a USD 6mn for 2015.
In addition, the group’s whole income increased 54 percent to USD 29.1mn as compared to USD 18.9mn in Q1 of 2015.
On the other hand, operating profit before provisions was USD 11.5mn in Q1 this year, compared to USD 4.4mn of 2015.
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