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Ithmaar Holding net profit up 24 percent to $13.03m for 1H
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MANAMA, Aug. 7 -- Ithmaar Holding reported a net profit of US$13.03 million for the six-month period ended 30 June 2019, a 20.4 percent increase compared to the net profit of US$10.82 million reported for the same period in 2018.
On Wednesday, Ithmaar Holding B.S.C., a Bahrain-based holding company, and its wholly-owned subsidiary, Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank, each announced their financial results for the first half of 2019 with both reporting increased profits for the period.
The net profit attributable to equity holders for the six-month period ended 30 June 2019 was US$8.37 million, a 72.5 percent increase compared to the net profit of US$4.85 million reported for the same period in 2018. Total ...
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