(MENAFN) Bahraini Liquidity Management Centre (LMC) logged a USD4.22 million net profit for 2014, marking an 18 percent increase over the USD3.57 million of 2013, Gulf Daily News reported.
LMC's total operating income reached USD10.11 million for 2014, compared to USD10.57 million in 2013. Fourth quarter net profit hit USD847,000 against USD784,000 year-on-year.
"The net income achieved was due to astute investment banking activities, specifically opportunistic and perceptive investment returns made from a well-managed portfolio," LMC's chairman said.
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