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GFH posts $11.9mln net profit in Q1

Posted on 02 June 2011

Bahrain Islamic investment firm Gulf Finance House (GFH) on Tuesday said it swung to a first-quarter net profit helped by aggressive cost cutting and the reversal of a bonus scheme granted in 2008.
GFH, which is aiming to raise $500 million in new capital, said net profit for the quarter ended March 31 was $11.9 million, compared with a net loss of $7.5 million a year earlier……………………………………….Full Article: Source

 
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