Bahrain’s Mumtalakat total profits surge 65% YoY

May 27, 2015 9:48 AM

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Bahrain’s Mumtalakat total profits surge 65% YoY

Bahrain Mumtalakat Holding Company achieved 65% growth in total earnings year-on-year, stading at BHD 181.1 million in the fiscal year 2014, compared to BHD 109.4 million in the prior year.

Operating revenues surged 60% to BHD 113.1 million in FY14 from BHD 70.7 million in FY13.

Regarding the company’s investment portfolio, Gulf Air achieved revenues of BHD 349.4 million in FY-2014, compared to BHD 307.2 million in 2013.

Aluminium Bahrain (Alba) recorded revenues worth BHD 821.7 million in 2014 compared to BHD 749.3 million in 2013, an increase of 9.7%.

Bahrain Telecommunications’ (Batelco) net profits stood at BHD 17.7 million, a growth of 12%.


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