Nass H1 profit surges to $21 million
Manama, August 10, 2009
Nass Corporation has posted a net profit of BD7.776 million ($20.6 million) for the first half of this year, up from BD5.416 million for the same period last year.
The company achieved a gross turnover of BD57.688 million for the half year on which it earned a net profit of BD7.776 million, said finance director Adel Abdulla Nass.
He said that the improved performance represented an increase of 16.67 per cent in the half yearly turnover and increase of 43.57 per cent in the half yearly net profit over the figures for the same period last year.
'Despite the very challenging and volatile economic conditions in the region, the company has performed satisfactorily in the process demonstrating an efficient and vigilant corporate management practices,' he said.-TradeArabia News Service