Sunday 13 July 2014
 
»
 
»
Story

Car Parks Company posts $2m net profit

Manama, March 19, 2013

Bahrain Car Parks Company, a major supplier of car park equipment in Bahrain, said its net profit for 2012 surged to BD786,480 ($2.07 million) from BD725,391 the previous year.

The company's operating income was down to BD1.7 million from BD1.78 million the previous year, reported the Gulf Daily News, our sister publication.

At their annual general meeting yesterday the board agreed a 10 per cent dividend representing 10 fils per share.

"As far as investments are concerned the company has a portfolio in the form of quoted shares, debt securities and guaranteed funds amounting to BD3.63 million at the year-end," said chairman Mahmood Mahmood Hussain.

"Some investments matured last year and that balance was transferred to fixed deposits," he stated

He added that the company had no plans to develop other car park or office facilities this year but was always available to take over the management of car parks or properties of other businesses.-TradeArabia News Service
 




Tags: Bahrain | Car Parks Company |

More Construction & Real Estate Stories

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com