Bahrain Car Parks Company (Amakin) announced its financial results for the third quarter of 2022

Bahrain Car Parks Company (Amakin) announced its financial results for the third quarter of 2022

Bahrain Car Parks Company (Amakin) B.S.C - trading symbol: CPARK, today announced its financial results for the third quarter and the nine months ended 30 September 2022.

As for the company's financial results for the three months ended 30 September 2022, net profit reached BD 149K compared to BD 174K reported for the same period in 2021, a decrease of 14%. Basic and diluted earnings per share were at 1.36 fils, compared to 1.59 fils for the same period in 2021. The company reported a total comprehensive income of BD 80K, 52% lower compared to BD 168K reported for the same period in 2021, and an increase of 7% in operating income, BD 522K compared to BD 488K for the same period in 2021.

As for the company's financial results for the nine months ended 30 September 2022, net profit reached BD 449K compared to BD 542K reported for the same period last year, a decrease of 17%. Basic and diluted earnings per share were at 4.11 fils, compared to 4.96 fils for the same period in 2021. The company reported a total comprehensive income of BD 329K, a decrease of 14% compared to BD 383K for the same period in 2021,