The financial statements of the GFH Group, listed on the Dubai, Bahrain and Kuwait Stock Exchanges, showed that the group's profits fell last year by 32% on an annual basis.
according to the group's results on the official website of the Bahrain Bourse, today, Tuesday, last year’s profits were $ 45.1 million, compared to 2019’s profit of $ 66.03 million.
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The company achieved profits of $ 21.93 million in the fourth quarter of last year, compared to profits of about $ 1.5 million for the same period in 2019, an increase of 1362%. < / p>
The company indicated that the slow contribution of business lines was due to the outbreak of the new Corona virus (Covid-19) during the year 2020.
and the board of directors recommended the company to distribute cash dividends for the past year at 1.86% of the nominal value of the share, equivalent to $ 17 million.
The board also proposed distributing bonus shares of 2.74% of the capital, equivalent to $ 25 million, after excluding treasury shares for the year 2020.
