Ithmaar Holding announces financial results

Ithmaar Holding announces financial results

MANAMA, BAHRAIN – Ithmaar Holding B.S.C. (Trading symbol: ITHMR), a Bahrain-based holding company, announced its financial results for the nine-month period ended 30 September 2022.

The announcement, by Ithmaar Holding Chairman His Royal Highness Prince Amr Al Faisal, follows the review and approval of the Board of Directors of the Company’s consolidated financial results.

Ithmaar Holding reported a net loss attributable to equity holders for the three-month period ended 30 September 2022 of US$7.78 million, an increase of 207 percent compared to the net loss of US$2.53 million reported for the same period in 2021. Total net loss for the three-month period ended 30 September 2022 was US$3.01 million, compared to the net profit of US$2.78 million reported for the same period in 2021. Earnings Per Share (EPS) for the three-month period ended 30 September 2022 was negative US Cents 0.27, compared to negative US Cents 0.09 for the same period in 2021.

Overall, Ithmaar Holding reported a net profit attributable to equity holders for the nine-month period ended 30 September 2022 of US$1.30 million, a decrease of 12 percent compared to the net profit of US$1.48 million reported for the same period in 2021. Total net profit for the nine-month period ended