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FINANCIAL NEWS
BSE-listed firms’ earnings fall 6.26% by September-end
10 Dec 2010
(MENAFN) Bahrain’s Global Investment House conducted a research which showed that the fifty companies listed on the Bahrain Stock Exchange (BSE) recorded an aggregate net profit of $760 million by September-end of the current year, compared to $810.7 million during the corresponding period a year earlier, registering a 6.26 percent drop, Gulf Daily News reported.
Data showed that all Bahraini sectors witnessed a decline during the mentioned period, with the exception of the hotels and tourism sector and the banking sector.
The industrial sector reported a 24.1 percent drop, to of $4.8 million, as opposed to $6.3 million, year on year, whereas the investment sector reported a 23.09 percent fall.
Also, Batelco, Bahrain’s number one telecommunication operator and the biggest company in the sector in terms of market capitalization, recorded a 16.99 percent drop, with earnings of $175 million compared to $210.8 million in the previous year.
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