| 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
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