(MENAFN - Kuwait News Agency (KUNA)) Gulf Finance House (GFH) announced here on Sunday that it has attained net profits of USD 7.5 million during the first nine months of current year, compared to USD 4.1 million of the same period last year, with an increase by USD 3.4 million.
The net profits attained during third quarter of current year estimated to USD 1.8 million, while gross income came to USD 8.7 million, GFH said in a press statement, adding that value of total expenses for third quarter of this year estimated at USD 7 million, compared to USD 8.13 million of same period in last year.
Also, It noted that it has succeeded in lowering its expenses during the first nine months by 26 percent to come to USD 34 million, compared to USD 45.
5 million of its expenses of same period in last year.
Gulf Finance House was established in the Kingdom of Bahrain in 1999. Its activities are centered towards investing in Islamic financial institutions and infrastructure projects, and harnessing the enormous potential offered by the region's dynamic economies.
Furthermore, it is one of the most successful and innovative Islamic investment banks in the Middle East. GFH specializes in the identification and development of initiatives that unlock opportunity and accelerate economic growth. It is listed as a joint-stock company in stock markets of Bahrain, Kuwait, London, and Dubai.