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Islamic Finance Briefing - Categorized | Finance, Performance more

Gulf Finance House Q2 loss on placement slump

Posted on 11 August 2009

From Reuters: Bahrain-based Gulf Finance House missed a forecast with its third consecutive quarterly loss due to provisions and a slump in income from investment placements.

Islamic investment bank GFH said net loss in the second quarter was $54 million, compared with a net profit of $104 million a year ago. Analysts at SICO investment bank expected a quarterly net loss of $30 million in a Reuters survey in July………..Full Article: Source

 
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