Fri, Dec 19, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Finance, Performance more

Gulf Finance House posts Q2 net loss of $11.23 mln

Posted on 05 September 2011

Bahrain’s Gulf Finance House reported a second quarter net loss of $11.23 million due to higher finance expenses and the impact of exchange rates, the company said in a statement. The loss narrowed from the same quarter a year earlier, when the company posted a net loss of $40.2 million.
The Islamic investment house swung to a profit of $700,000 in the first half of the year, compared to a loss of $47.6 million in the same period last year. Total income for H1 climbed 27 per cent to $32.8 million, driven by asset sales and the settlement of liabilities……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031