Bahrain- GFH doubles Q4 profit on investments
Date
2/25/2014 1:36:31 AM
(MENAFN-Khaleej Times) The investment firm made a net profit of $5
Bahrain-based Gulf Finance House, or GFH, whose unit is in the process of selling a majority stake in English football club Leeds United, said on Sunday its fourth-quarter net profit more than doubled due to revenue derived from investments.
The investment firm made a net profit of $5.2 million in the three months to December 31, up from $2.5 million in the prior-year period, it said in a statement.
It cited “income generated from investment advisory and the sale of investments” for the increase. It did not elaborate.
However, for the 2013 full year, GFH’s net profit fell 37.2 per cent to $6.3 million.
Compiled from agencies
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