Esterad Investment Q3 profits up 54%

Mubasher: Esterad Investment posted on Thursday a rise of 53.97% in its net profit for the third quarter of fiscal 2016 to BHD 314,050 ($827,000), versus BHD 203,980 ($537,000) for Q3-15.

Net profit for the first nine months of 2016, however, fell by 38.02% to BHD 803,600 from BHD 1.3 million for the same period of 2015, according to a bourse filing.

Return on investment for the nine-month period amounted to BHD 1.63 million, 14.7% down from BHD 1.91 million for the same period last year.

Esterad earlier reported a net profit of BHD 489,550 for the first half of 2016, falling 55.2% compared to BHD 1.09 million for H1-15.

Mubasher Contribution Time: 27-Oct-2016 09:10 (GMT)
Mubasher Last Update Time: 27-Oct-2016 09:10 (GMT)