gulf finance house reports 156m net profits in 9 months
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Gulf Finance House reports $15.6m net profits in 9 months

Arab Today, arab today

Arab Today, arab today Gulf Finance House reports $15.6m net profits in 9 months

Gulf Finance House (GFH)
Manama - BNA

Gulf Finance House "GFH", the Bahrain-based Islamic investment bank, today announced its financial results for the third quarter and first nine months of the year ended 30th September 2014 ("the period").
For the nine-month period, net profit was US$15.6 million compared to US$1.0 million in the corresponding period of 2013. Total income was US$121.1 million versus US$30.5 million for first nine months of the previous year. The investment banking income for the period increased an impressive 75% year-on-year.
Results for the third quarter also showed significant improvement with profits of US$5.0 million compared to a net loss of US$3.2 million in the third quarter of 2013. Total income for the third quarter was up a sharp 532% reaching US$32.9 million versus US$5.2 million in the prior year period. Income during the quarter was primarily generated from placement fees for the Bank’s, investment products as well as from the settlement of liabilities for the bank.
Operating expenses for the nine-month period were US$95.5 million. Investment operations expenses were US$35.3 million compared to US$27.45 million during the first nine months of 2013.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gulf finance house reports 156m net profits in 9 months gulf finance house reports 156m net profits in 9 months

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gulf finance house reports 156m net profits in 9 months gulf finance house reports 156m net profits in 9 months

 



GMT 02:50 2017 Thursday ,12 October

14 dead, 25 missing after China landslide

GMT 09:05 2017 Thursday ,06 April

Asian markets sink with Wall St after Fed minutes

GMT 15:03 2017 Wednesday ,20 September

King Salman allocates $15 million for Rohingya refugees

GMT 02:15 2017 Wednesday ,12 July

ASEAN, Japan to strengthen economic cooperation

GMT 03:00 2018 Wednesday ,12 September

HM King hails Bahrain-US ties

GMT 07:43 2017 Monday ,06 February

Extremists puncture houses in Mousl to escape 

GMT 09:48 2016 Saturday ,27 August

South Sudan wants big budget

GMT 06:31 2018 Wednesday ,03 January

BP says to take $1.5bn hit on US tax reforms

GMT 05:45 2017 Wednesday ,13 December

Japan carmakers make fresh push on hydrogen stations

GMT 10:33 2014 Wednesday ,10 September

Tesla chief says self-driving cars just around corner

GMT 09:00 2017 Monday ,15 May

Oman to host World Cancer Congress 2020

GMT 13:41 2017 Wednesday ,18 January

Indian court clears Bollywood star Salman Khan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday