Infracorp Achieves Net Profit of USD 29.8 Million in First 9 Months of 2023

Infracorp Achieves Net Profit of USD 29.8 Million in First 9 Months of 2023

Infracorp, a leading company specialising in social infrastructure, announced its financial results for the period ended 30th September 2023. The company has reported a net profit of USD 29.8 million, compared to USD 21.2 million for the same period in 2022, an increase of 40%. During the third quarter of the current year 2023, the company achieved net profits of USD 9.2 million, an increase of 19%, compared to USD 7.7 million in the same period of last year 2022. Infracorp, with its diverse business activities and assets, owns a range of integrated projects and development solutions. Its latest projects, Marina Bay, is considered the most luxurious residential project in Bahrain, with its unique location on Reef Island, comprising of approximately 200 units, including 26 villas. AAP, an international consulting company based in Portugal and Kuwait, has been appointed as the design consultant for Marina Bay.In addition to Marina Bay, Infracorp has completed the new Pearl House project on the eastern side of Bahrain Harbour, offering luxurious freehold apartments. Units in the Chart House project, located on the western side of Bahrain Harbour, have also been successfully handed over, while the company has also completed the Harbour Views residences