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FINANCIAL NEWS
Bahrain’s Nass’ profit down to USD34.82m in 2011
02 Mar 2012
(MENAFN) Bahrain’s Nass Corporation said that in 2011, profits dropped to USD34.82 million, compared with USD46.96 million in 2010, reported Arabian Business.
The construction firm added that revenues also fell 17.5 percent in the period, with a gross turnover of USD235 million, compared with the USD286.2 million recorded a year earlier.
The publicly listed company also said that total assets went down to USD262.25 million from USD270.17 million.
It is worth noting that at the current time, Nass Corporation is working on Bahrain’s biggest private urban development, Diyar Al Muharraq.
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