Ithmaar Holding achieves $10.8m profit in 6M

Kuwait – Mubasher: Ithmaar Holding has reported a net profit of $10.82 million in the first six months of 2018.

The Dubai-, Bahrain-, and Kuwait-listed company also registered earnings per share (EPS) of $0.32 in H1-18, according to a bourse statement released on Tuesday.

The half-year results included a net profit of $6.01 million for the three-month period ended 30 June 2018,  

Meanwhile, Ithmaar Holding’s operating income grew 16.9 year-on-year to $148.68 million from January to the end of June.  

“Ithmaar Holding’s total assets stood at US$8.62 billion as at 30 June 2018, compared to US$8.61 billion as at 31 December 2017,” Ithmaar Holding’s CEO Ahmed Abdul Rahim commented.

Ithmaar Bank

Ithmaar Bank’s net profit reached BHD 3.61 million in H1-18, 17.6% down from the year-ago period.

“The half-year results of Ithmaar Bank included a net profit of BHD 1.58 million of the three-month period ended 30 June 2018, an increase of 22% compared to a net profit of BD1.30 million for the same period in 2017,” Abdul Rahim said.

Mubasher Contribution Time: 14-Aug-2018 12:57 (GMT)
Mubasher Last Update Time: 14-Aug-2018 13:01 (GMT)