Manama, Nov. 12 -- GFH Financial Group B.S.C (GFH) reported net profit attributable to shareholders of US$8.11 million for the third quarter of 2020 compared with US$19.84 million in the third quarter of 2019, a decrease of 59.1%.
This came as GFH announced its financial results for the first nine months of the year ended 30 September 2020.
The decrease is predominantly attributable to the worldwide COVID-19 pandemic which had an impact across the Group's business lines. Earnings per share for third quarter of 2020 was US cents 0.24 compared to US cents 0.60 for the comparative quarter of 2019. Consolidated net profit for the third quarter was US$9.92 million compared with US$17.22 million in the third quarter of 2019, a decrease of 42.4%...