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Solidarity Bahrain announces $5.5mln net profit in 9m

Saturday, 11 14 2020, Category: Islamic Insurance, Country: Bahrain
Manama: Solidarity Bahrain has announced a net profit of BD615,000 for the three-months ended September 2020, compared with BD607,000 for the same period in 2019, with an increase of one per cent.

The earning per share for the three-months is 5.13 fils compared to 5.06 fils for the same period in 2019.

Total net profit and surplus for the three-month period is BD719,000 compared with BD701,000 for the same period in 2019, representing 3pc increase.

Net profit for the nine-months ended September 2020 is BD1.975m against a net profit of BD1.896m for the corresponding previous period, representing 4pc increase which is the result of improved technical surplus and performance of the shareholders fund.

The earning per share for the nine-months has increased to 16.47 fils compared to 15.81 fils for the same period in 2019.

The total net profit and surplus for the nine-month period is BD2.132m compared with BD2.004m for the same period in 2019, representing 6pc increase.

Source: Zawya
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