Mubasher: Solidarity Bahrain’s profit grew by 56.8% year-on-year during the third quarter of the fiscal year 2019.

The company’s profit rose to BHD 607,000 ($1.61 million) in Q3-19, compared to BHD 387,000 ($1 million) in the year-ago period, according to a company statement.

The company ascribed the profit increase to the increase in net investment income which went up by 18% to BHD 532,000 from July to September 2019.

In the first nine months of 2019, Solidarity’s profit rose by 23% YoY to BHD 1.89 million.