Business

Bahrain Car Parks Company (Amakin) Announces its Financial Results

by BTM

Fri, 09 September 2022

Bahrain Car Parks Company (Amakin) Announces its Financial Results

Bahrain Car Parks Company (Amakin) B.S.C has announced its financial results for the second quarter and the six months ended June 30, 2022.

As per the company’s financial results for the three months ended June 30, 2022 net profit reached BHD136 thousand compared to BHD170 thousand reported for the same period in 2021, a decrease of 20 percent. The company reported a total comprehensive income of BHD66 thousand seven percent lower compared to BHD71 thousand reported for the same period in 2021, and an increase of 23 percent in operating income, BHD546 thousand compared to BHD444 thousand for the same period in 2021. 

As for the company’s financial results for the six months ended June 30, 2022 net profit reached BHD300 thousand compared to BHD368 thousand reported for the same period last year, a decrease of 19 percent. The company reported a total comprehensive income of BHD249 thousand 16 percent higher compared to BHD215 thousand reported in the previous year, and a 23 percent increase in operating income, BHD 1.1 million compared to BHD 881 thousand for the same period in 2021.

Chief Executive Officer of Bahrain Car Parks Company, Tariq Ali Aljowder, said: “As our performance has been consistent with our strategic plan, we are confident in our approach to generating profitable growth, and we will continue to prioritise operational excellence, cutting-edge solutions, and outstanding customer service in order to create long-term value for our shareholders.”

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