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BMMI earnings rise to BHD 11m on strong sales

BMMI earnings rise to BHD 11m on strong sales
Photo Credit: Arabianeye-Reuters
BMMI
BMMI
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Cairo-Mubasher: Bahrain Maritime and Mercantile International (BMMI), a publically-traded company in Bahrain, posted a 11.7% rise in FY14 earnings to BHD 11.25 million ($15.8 million), compared with BHD 10.07 million ($14.14 million) in FY13.

Gross profit from sales grew 5.7% to BHD 27.7 million, compared with BHD 26.2 million a year earlier.

Operational profit also rose 6.58% year-on-year from BHD 8.58 million to BHD 9.14 million.

The company operates with BHD 13.3116 million capital, divided into 133.116 million shares at BHD 0.1 par value each.