Mubasher: GFH Financial Group achieved a leap of 2,108% in net profits attributed to shareholders during the first nine months of 2017 compared to the same period a year ago.
Earnings enlarged to $87.23 million in 9M-17 compared to $3.95 million in 9M-16, according to a recent statement.
GFH’s consolidated net profit increased by 839% to reach $91.04 million in 9M-17 compared to $9.70 million in 9M-16.
During the third quarter of 2017, profits attributed to shareholders recorded $25.09 million against a loss of $7.58 million in Q3-16.
The consolidate profit of GFH Financial Group increased by 409% to $25.52 million in Q3-17 compared to $8.26 million in the third quarter last year.
Total revenues amounted to $169.03 million in 9M-17, 70% higher than $99.34 million in 9M-16.
GFH’s total operating profits reached $91.21 million in 9M-17 compared to $34.76 million in 9M-16.