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Esterad profits plunge 47.7% in 2015

Esterad profits plunge 47.7% in 2015
Photo Credit: Arabianeye-Reuters
Esterad
ESTERAD
4.44% 0.23 0.01

Mubasher: Esterad Investment posted a decline of 47.7% in net profits for 2015.

The company’s net profits stood at BHD 1.16 million in 2015, down from BHD 2.2 million a year earlier.

The company’s earnings per share reached 8.12 Bahraini fils in 2015, against 14.91 Bahraini fils per share in 2014.

Esterad saw earlier, a decline of  16% in net earnings for the first nine months of 2015, when its profits reached BHD 1.27 million down from BHD 1.5 million a year earlier