Monday 20 April 2009

Net profits of Bahrain-listed firms decline 91.75% last year

Companies listed on the Bahrain stock market reported a 91.75 per cent aggregate drop in net profit for 2008

to BHD72.76m million (Dh709m) with the losses posted by Arab Banking Corporation (ABC) and Investcorp Bank proving to be the biggest drag, data showed.

Without the ABC and Investcorp numbers factored in, aggregate profit drop was 25.55 per cent to BHD597.21m, according to research released by Kuwait-based investment bank Global Investment House.

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