Bahrain Car Parks Company posts 2022 FY net profit of $2.14mln

Bahrain Car Parks Company posts 2022 FY net profit of $2.14mln

Bahrain Car Parks Company (Amakin) has seen its 2022 fully year (FY) net profit rise 4% to BD809,000 compared to BD776,000 reported for last year. Basic and diluted earnings per share were at 7 fils, compared to 7 fils for the same period in 2021.

Meanwhile, for the fourth quarter of 2022, company’s net profit soared 54% to BD360,000, compared to BD234,000 reported for the same period in 2021. Basic and diluted earnings per share were at 3 fils compared to 2 fils for the same period last year.

Total comprehensive income for the fourth quarter of the year was BD479,000, 63% higher compared to BD294,000 reported for the same period last year. The company reported an operating profit of BD400,000 compared to BD215,000 for the same period in 2021, an increase of 86%.

Comprehensive income

The company reported a total comprehensive income of BD808,000, 19% higher compared to BD678,000 reported for the same period in 2021, and a 23% increase in operating profit, BD874,000 compared to BD708,000 for the same period in 2021.

Total equity of the company amounted to BD19.92 million for the year ended December 31, 2022, compared to BD19.78 million for the year ended December 31, 2021, which represents an increase