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Bahrain Commercial Facilities posts $16m profits in 2006  Join our daily free Newsletter

MENAFN - 18/03/2007

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(MENAFN) The Chairman of the Bahrain Commercial Facilities Company announced that the company's net profits have dropped 25 percent to 16.14 million last year, down from 21.5 million in 2005, Gulf Daily News reported.

The chairman explained that the company's profits which come from recurrent and constant business activities have grown 19 percent last year, while the previous year's figure also included gains of a non-recurring, extraordinary transaction.

He pointed out that the company has achieved remarkable results last year thanks to the success of its strategy that aimed to diversifying the sources of income in addition to expanding the group's market share.

He added that the company's Bahrain Credit Media Centre, which will be opened in May at the Bahrain University, is one of the biggest and most developed academic centers in the region.

 






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