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Nass profit rises 11.7% in 9M

Nass profit rises 11.7% in 9M
NASS
NASS
-3.90% 0.07 -0.00
Nass Corporation announced its financials in a statement to Bahrain Bourse (BB), reporting a profit rise by 11.7% to BHD 3.8 million or $10 million during the first nine months of 2014, compared to BHD 3.4 million or $8.96 million during the same period of 2013.

The Company’s profit stood at BHD 724 THD during the third quarter of 2014, compared to BHD 1.1 million during the same period of 2013.

Furthermore, the profit of Nass grew 37.5% to BHD 3.1 million in the first half of 2014, compared to BHD 2.26 million during the corresponding period a year earlier.

Nass operates within the diversified financial sector focusing on multi-sector holdings. The Company’s capital amounts to about BHD 22 million, distributed on 220 million shares at BHD 0.1 par value each.