Bahrain Flour Mills announces its financial results for the period ended 31 December 2020

Bahrain Flour Mills announces its financial results for the period ended 31 December 2020

The Board of Directors of Bahrain Flour Mills Company B.S.C. (Al-Matahin) trading code (BFM), held their meeting on Sunday, February 28, 2021, chaired by Mr. Marwan Khaled Tabbara, Chairman of the Board of Directors. The Board took a number of decisions, including the approval of the company's financial statements for the period ended 31 December 2020.



Mr. Tabbara extended his sincere thanks and gratitude to the Board of Directors, the Executive Management and all company employees for their support and continuous endeavor to achieve the best results, wishing AlMatahin further progress and prosperity.



Bahrain Flour Mills company B.S.C. (BFM) announces its year ended financial results for the year ended 31 December 2020, including financial results for the last quarter of 2020. The company achieved a net profit of BHD 678,363 for the fourth quarter ended 31 December2020, compared to a net Profit of BHD 396,550 for the same period of 2019, with an increase of 71.1%



The increase in the net profit for the fourth quarter of the year 2020 in comparison to the same period of 2019 is attribute to the increase of investment and other income.



Basic and diluted earnings per share for the fourth quarter increased to