Saturday, 17 August 2019 08:36 GMT

Bahrain's GFH jumps to USD114m in net income

(MENAFN) Bahrain's GFH Financial Group recorded a 9.5 percent jump in its net income last year as it generated USD114.08 million, from the USD104.18 seen a year earlier.

Such a surge, the prominent financial group explained, is driven by a strong participation from all business lines and strategic dealings seen last year.

Meanwhile, the group registered an 11.4 percent boost in its consolidated net profit to stand at USD115 million from USD103.19 million.

However, the company posted a sharp 37.2 percent decline in its net profit attributable to shareholders, reaching USD10.64 million during the 2018's last quarter.


Bahrain's GFH jumps to USD114m in net income

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