20 Jan 2016
(MENAFN) Al-Khodari Company made a net loss of USD 277.4mn in the three months to Dec 31, compared to a net income of USD 12.15mn in the year-earlier period.
Moreover, the Co. credited the loss to fall in revenue and grow in building costs, adding that costs had been raised by a current government decision to hike energy prices in the Kingdom.
Additionally, the firm has been put under stress by a decrease in the sector, made by cutbacks in state spending due to lower oil prices.
New deal awards in Q4 reached USD 3.17mn, down from the same quarter of 2014, while awards had fallen in the third quarter.
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BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
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Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
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BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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