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Islamic Finance Briefing - Categorized | Finance, Performance more

Gulf Finance House swings to Q2 net profit

Posted on 14 August 2012

Bahrain-based bank Gulf Finance House (GFH) has registered a profit of $4.7 million for the second quarter compared to a net loss of $11.2 million in 2011 mainly driven by income earned from management fees and restructuring of debt.
Announcing the results on Monday, the leading Islamic investment bank said its net profit for the period ending June 30, 2012, rose to $5.7 million from last year’s $0.7 million………………………………………..Full Article: Source

 
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