Bahrain group Ithmaar swings to nine-month net profit

Bahrain group Ithmaar swings to nine-month net profit

Ithmaar Holding, a Bahrain-based holding company, has reported a net profit of $1.48 million attributable to equity holders for the nine-month period ended September 30, 2021 compared to the net loss of $3.29 million for the same period last year Announcing the results for the nine-month period ended September 30, Ithmaar said its earnings per share (EPS) stood at US Cents 0.05, compared to negative US Cents 0.11 for the same period in 2020. Overall, including profit attributable to minority interests, the company’s results show a net profit of $15.74 million, up 79% over the net profit of $8.78 million reported for same period last year. var width=document.documentElement.clientWidth;if(width>=320&&width<728){}; googletag.cmd.push(function(){try{var d=document.documentElement.clientWidth;var a;var c="/21857811890/en.zcom/";var b;if(d>=320&&d<728){a=[300,250];b=["mobile_mr_story"]}else{a=[300,250];b=["MR_Story"]}var h="MR_Story";var g=googletag.defineSlot("/21857811890/en.zcom/",a,"div-gpt-ad-MR_Story").setTargeting("type",b).addService(googletag.pubads());gptAdSlots.push(g);if(h!="MR_Story"){googletag.pubads().collapseEmptyDivs(true,true)}googletag.pubads().enableSingleRequest();googletag.enableServices();if((h=="PSB_Left")||(h=="mobile_psb_left")||(h=="PSB_Top")||(h=="mobile_psb_top")||(h=="PSB_Bottom")||(h=="mobile_psb_bottom")||(h=="PSB_Middle")||(h=="mobile_psb_middle")||(h=="leaderboard_home")||(h=="leaderboard_bottom_home")||(h=="mobile_leaderboard_home")||(h=="mobile_leaderboard_bottom_home")){setInterval(function(){googletag.pubads().refresh([g])},240000)}}catch(f){console.log("Error loading Ad banner "+h)}}); try{googletag.cmd.push(function(){googletag.display("div-gpt-ad-MR_Story")})}catch(e){console.log("Error displaying Ad banner "+bannerName)}; Ithmaar Holding’s total owners’ equity stood at $12.02 million as of September 30, down 18.6% from $14.76 million as of December 31, 2020, said the statement. Accumulated losses, as of September 30, stood at $831.54 million accounting to 109.7 per cent of the share capital, compared to $833.79 million as at 31 December 2020. Total assets grew to $8.96 billion, up 7 per cent over $8.38 billion as of December 31, 2020, it added. On the