Mubasher: Esterad Investment Company’s net profit declined in the second quarter of fiscal 2016 by 81.7% year-on-year.
Net profit reached BHD 31,140 ($82,000) in Q2-16, versus BHD 170,500 ($449,000) posted for Q2-15, according to a bourse filing released on Thursday.
In the first half of fiscal 2016, net profit shrank by 55.2% to BHD 489,550 from BHD 1.09 million reached on the same period of 2015.
Total revenues grew in Q2-16 by 37% to BHD 297,440, compared to BHD 471,935 reported for Q2-15.
Esterad earlier posted a net profit of BHD 458,400 for Q1-16, versus BHD 922,041 for Q1-15.
