Tue, 05 September 2023
GFH Financial Group B.S.C has announced its financial results for the second quarter and first six months of the year ended June 30, 2023.
Total income for the second quarter of 2023 was USD86.83 million compared to USD56.11 million for the second quarter of 2022, a rise of 54.7 percent. Consolidated net profit for the second quarter was USD32.75 million compared with USD26.03 million in the second quarter of 2022, an increase of 25.8 percent.
Total income for the first half of 2023 was USD173.77 million versus USD122.13 million for the 2022 period, an increase of 42.3 percent. Consolidated net profit for the six-month period increased by 26 percent to USD57.19 million compared with USD45.38 million in the first six months of 2022.
Total expenses for the period were USD116.58 million up 51.88 percent from USD76.76 million for the first six months of 2022. Total assets of the Group increased by 5.9 percent reaching USD10.34 billion at 30 June 2023 compared with USD9.76 billion at December 31, 2022.
The Group’s financial results in full can be found at bahrainbourse.com.
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