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Bahrain’s NASS 9M profit more than halves

Bahrain’s NASS 9M profit more than halves
Photo Credit: Arabianeye - Reuters
NASS
NASS
-9.52% 0.08 -0.01

Mubasher: Bahrain-based NASS Corporation posted on Wednesday a 52% fall in net profits for the first nine months of 2015 to BHD 1.8 million ($4.8 million), compared with BHD 3.8 million ($10 million) in the prior-year period.

The company’s third-quarter profits amounted to BHD 517,000, down from BHD 724,000 in the same period in 2014.

The nine-month revenues totalled BHD 10.1 million, compared with BHD 11.5 million.

Earnings per share (EPS) declined by 57% to BHD 0.073 from BHD 0.169.

Earlier, the company reported BHD 1.31 million ($3.45 million) profit for the first half of 2015, compared with BHD 3.1 million ($8.16 million).