Mubasher: Bahrain Commercial Facilities Co. (BCFC) posted 33.3% growth in net profits for the fourth quarter of 2015, compared to the same period in 2014.
The company’s profits reached BHD 4.4 million ($11.6 million) in the three months ended 31 December 2015, compared to BHD 3.3 million ($8.7 million) in Q4-14, according to a bourse filing posted on Wednesday,
The board of directors recommended cash dividends at 45% of capital or 4.5 fils per share.
The company’s current capital reaches BHD 16.33 million, divided into 163.35 million shares at a nominal value of BHD 0.1 each.
BCFC’s full-year net profits fell to BHD 17.4 million, compared to BHD 14.5 million in 2014.
CEO Adil Habil said that the group has achieved exceptional results in spite of all challenges, recording net profits of BHD 12.2 million from consumer finance activities, compared with BHD 9.8 million in the same period of 2014.
