Bahrain Flour Mills posts 551% rise in Q2 profit

Mubasher: Bahrain Flour Mills Company’s profits grew in the second quarter of the fiscal year 2016 by 551.3% to BHD 102,510 ($270,000), compared to BHD 15,740 ($41,450).

Net profit reached BHD 352,590 in the first half of fiscal 2016, 5.15% up from BHD 335,310 in H1-15, according to a bourse filing.

The company’s board of directors recommended cash dividends for H1-16, but didn’t mention their value.

Bahrain Flour Mills earlier posted a net profit of BHD 250,080 for Q1-16.

Mubasher Contribution Time: 09-Aug-2016 09:19 (GMT)
Mubasher Last Update Time: 09-Aug-2016 09:19 (GMT)