GFH Q1 profit rises 11.05%

TDT | Manama

Email: mail@newsofbahrain.com

GFH Financial Group yesterday announced its financial results for the first quarter of the period ended 31 March 2025.

Net profit attributable to shareholders was US$30.14 million for the first quarter of 2025 compared to US$27.14 m in the same period last year, an increase of 11.05%. The increase is mainly attributed to contributions from the Group’s investment banking, commercial banking and sale of proprietary investments.

Earnings per share for the quarter was US cents 0.85 compared with US cents 0.77 in the first quarter of 2024.

Total income attributable to shareholders was US$170.94 m for the first quarter of the year compared with US$162.97 m in the first quarter of 2024, an increase of 4.89%.

Consolidated net profit for the first quarter attributable to shareholders was US$30.69 m compared with US$30.34 m in the first quarter of 2024, an increase of 1.15%. Total expenses for the quarter were US$89.44 m compared with US$89.18 m in the prior-year period, an increase of 0.30%