Sunday 11 November 2012

Bahrain's Gulf Finance House Q3 net profit drops | Reuters

Bahrain-based investment firm Gulf Finance House (GFH) said on Sunday its third-quarter net profit nearly halved from a year earlier.

The sharia-compliant investment house, heavily impacted by the global debt crisis, said in a statement that its third-quarter net profit dropped to $1.8 million from $3.4 million a year earlier.

Profit for the first nine months of 2012 rose to $7.5 million, up from $4.1 million a year ago.

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