GFH posts $12m profits in 2015

Mubasher: GFH Financial Group (GFH)reported a net profit of $ 12 million in 2015, down from $27.3 million for the previous year.

GFH reported as well, a full year financial results for 2015 with a consolidated profit of $29 million before provisions of $17 million.

 Operating profit before provisions was $29 million, as compared to $41.5 million in 2014.

Total provisions in 2015 stood at $ 17 million against $14.1 million in 2014.

Mubasher Contribution Time: 24-Feb-2016 12:22 (GMT)