Ithmaar Holding reports profits for the nine months’ period 2021

Ithmaar Holding reports profits for the nine months’ period 2021

Ithmaar Holding B.S.C. (Trading symbol: ITHMR), a Bahrain-based holding company, announced its financial results the nine-month period ended 30 September 2021, reporting a profit for the period. 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 for the nine-month period ended 30 September 2021, including the third quarter of 2021. Ithmaar Holding reported a net loss attributable to equity holders for the three-month period ended 30 September 2021 of US$2.53 million compared to the net loss of US$2.00 million reported for the same period in 2020. Earnings Per Share (EPS) for the three-month period ended 30 September 2021 was negative US Cents 0.09, compared to negative US Cents 0.07 for the same period in 2020. Overall, including profit attributable to minority interests, Ithmaar Holding reported a net profit for the three-month period ended 30 September 2021 of US$2.78 million, a 103 percent increase compared to the net profit of US$1.38 million reported for the same period in 2021. Ithmaar Holding reported a net profit attributable to equity holders for the nine-month period ended 30 September 2021 of US$1.48 million compared