Bahrain Flour Mills announces its financial results for the third quarter of 2021

Bahrain Flour Mills announces its financial results for the third quarter of 2021

The Board of Directors of Bahrain Flour Mills Company B.S.C. (Al-Matahin) trading symbol (BFM), held their board meeting on Tuesday 9 th November 2021, chaired by Mr. Marwan Khaled Tabbara, Chairman of the Board of Directors. At this meeting, the Board took a number of decisions, including the approval of the company’s financial statements for the nine months ending 30 September 2021. Mr. Tabbara extended his sincere thanks and gratitude to the Board of Directors, the Executive Management and all of the company employees for their support and continuous endeavors to achieve the best results, wishing Al-Matahin further progress and prosperity. Bahrain Flour Mills company B.S.C. announces a net Profit of BD 1,002,938 for the Third quarter of 2021, down by 13% versus a net profit of BD1,147,183 million for the same period in 2020. The decrease in the net profit for the third quarter of the year 2021 in comparison to the same period in 2020 is attributed to the decrease in the fair value of the investment portfolio and decrease in the other income. The Company reported Basic and Diluted Earnings per Share of fils 40 for Q3 2021 versus fils 46 for the same period in 2020.