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GFH to discuss Q1-15 financials mid-May

GFH to discuss Q1-15 financials mid-May
Photo Credit: Arabianeye-Reuters
GFH
GFH
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Bahrain – Mubasher: Gulf Finance House (GFH) said in a bourse filing that its board of directors will meet on Wednesday, 13 May to discuss and approve the company’s financials for the first quarter of 2015.

GFH reported a net profit of $17 million for 2014 compared to $18 million in 2013.

The company is taking several steps to ensure a strong profit in 2015, GFH investor relations head Hazem Abdel Kereem said.

GFH’s ordinary and extraordinary general meetings will convene on Sunday, 29 March to discuss the board’s recommendation to cancel accumulated losses and reduce capital from $1.495 billion to $598 million to be distributed on 2.256 billion shares at par value of $1 per share.

Based in Bahrain, GFH is listed on the Bahrain, Dubai and Kuwait stock exchanges.