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Gulf North Africa makes $205.3 THD profit in 9m

Gulf North Africa makes $205.3 THD profit in 9m
RASIYAT
RASIYAT
-0.31% 325.00 -1.00
Gulf North Africa Holding - GNAHC disclosed its interim financial statements for the nine months period ended September 30, 2014.

The statements reflected KWD59.7 thousands ($205.3 thousands) net profit within this period compared to KWD14.9 thousands ($51.2 thousands) for the same period of previous year, with significant increase by 300%.

On other side, the company said it suffered KWD8.2 thousands loss for the third quarter of 2014 against KWD45.2 thousands for the same period of previous year, with decline by 118.1%.

GNAHC operates within the diversified financial sector focusing on multi-sector holdings. It has 8 subsidiaries operating across Northern Africa and Middle East. GNAHC is based in Kuwait City, Kuwait and was established in December 2005.