Solidarity Bahrain posts net profit

Solidarity Bahrain posts net profit

(Image: gdnimages/20211110\20211110_001632_2.jpeg) MANAMA: Solidarity Bahrain has announced a net profit attributed to shareholders’ fund of BD619,000 for the three-months ended September 30, 2021, compared to BD615,000 for the same period in 2020, representing an increase of one per cent. The earnings per share for the quarter is 5.16 fils compared to 5.13 fils for the same period in 2020. Net profit attributed to shareholders’ fund for the nine-month period ended September 30, 2021 is BD2.058 million as against a net profit of BD1.975m for the corresponding previous period, representing a 4pc increase, which is the result of improved technical surplus, investment income and performance of the shareholder’s fund. The earnings per share for the nine-month period increased to 17.16 fils from 16.47 fils during the same period in 2020. Total net profit and surplus for the quarter was BD729,000 compared to BD719,000 for the same period in 2020, representing a 1pc increase. The total net profit and surplus for the nine-month period ended September 30, 2021 is BD2.289m compared to BD2.132m for the same period in 2020, representing 7pc increase. Shareholders’ equity as of end-September 2021 was BD29.075m, 3pc higher when compared with BD28.328m as of end-2020 and total assets