Inovest reports nine-month net profit of US$5.2 million

  • Date: 03-Nov-2020
  • Source: The Daily Tribune - News of Bahrain
  • Sector:Financial Markets
  • Country:Bahrain
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Inovest reports nine-month net profit of US$5.2 million

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Inovest yesterday reported a 41 per cent decrease in its third-quarter profit, hurt mainly by a relative slowdown in other income, real estate sales vis a vis an improvement in general expenses during the same time. Nine-month net profit rose by 4 pc.

Third-quarter consolidated net profit attributable to the parent shareholders was US$0.42 million in comparison to US$0.71 m for