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Islamic Finance Briefing - Categorized | Finance, Performance more

GFH swings to Q3 loss on lower income

Posted on 11 November 2009

From Tradearabia.com: Gulf Finance House (GFH), Bahrain’s largest Islamic investment house by market value, posted its fourth consecutive quarterly loss on Tuesday as revenue from placing investments dwindled.

The company said it made a net loss of $29 million in the three months ended September 30, compared with a net profit of $82.1 million in the year-earlier period and a second-quarter loss of $54 million…………………………..Full Article: Source

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