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Bahrain Mills profits surge 684% in Q1

Bahrain Mills profits surge 684% in Q1
Photo Credit: Company Website
Al Matahin
BFM
-1.16% 0.34 -0.00

Mubasher: Bahrain Flour Mills Company reported a jump in profits by 684% in the first quarter of 2017, according to a bourse filing.

The company said in a statement to the Bahrain Bourse on Wednesday that profits totalled BHD 1.96 million in Q1-17 compared to BHD 250,100 in Q1-16.

Return on equity (ROE) reached 79 fils in the three-month period that ended on 31 March compared to 10 fils for the same period last year.