Ithmaar Holding reports half-year results

Ithmaar Holding reports half-year results

MANAMA: Ithmaar Holding B.S.C. (Trading symbol: ITHMR), a Bahrain-based holding company, announced its financial results for the six-month period ended 30 June 2022, including the second quarter of the year. 

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 profit attributable to equity holders for the three-month period ended 30 June 2022 of US$7.94 million compared to the net loss of US$4.85 million reported for the same period in 2021, mainly due to increase in core income. Total net profit for the three-month period ended 30 June 2022 was US$11.66 million compared to the net loss of US$0.89 million reported for the same period in 2021. Earnings Per Share (EPS) for the three-month period ended 30 June 2022 was US Cents 0.27, compared to negative US Cents 0.17 for the same period in 2021.

Overall, Ithmaar Holding reported a net profit attributable to equity holders for the six-month period ended 30 June 2022 of US$9.08 million, an increase of 127 percent compared to the net profit of US$4 million reported for the same period in