Mubasher: GFH Financial Group reported a rise of 23.3% in profits to $30.94 million during the third quarter of 2018 compared to $25.09 million in the corresponding period a year ago, according to a press release on Tuesday.

In Q3-18, earnings per share (EPS) declined to 0.87 cents from 1.04 cents in Q3-17.

GFH has achieved an increase of 18.6% in net profits during the first nine months of 2018 compared to the same period in the prior year.

The group’s net profits surged to $103.44 million in 9M-18 from $87.23 million in 9M-17.

Earnings per share (EPS) decreased to 2.91 cents in 9M-18 from 3.55 cents in the nine-month period in 2017.

Revenues grew by 13.2% to $184.62 million in 9M-18 from $163.16 million in 9M-17, the company’s statement added.

Total revenues in Q3-18 reached $64.42 million, rising 23.5% from $52.18 million in Q3-17.

It is noteworthy that GFH is listed on Boursa Kuwait, Bahrain Bourse (BHB), and the Dubai Financial Market (DFM).