Gulf Holding net surges 59pc to $71m.
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Kuwait-based Gulf Holding Company (GHC) has announced a net profit of KD18.72 million ($71 million) for the financial year 2006-07, an increase of 59 per cent over the previous year.
Net earnings per share stood at 26.75 fils, compared to 16.8 fils in fiscal 2006. Approving the company's financial results, the board of directors proposed the company's first annual general meeting.
"GHC has seen steady growth ever since its inception two years back and this can only be expected from a company that is well-attuned and responsive to the business dynamics of the market as well as the investment needs and opportunities available to the discerning client," said GHC chairman Abdul Rahman Al Jasmi.- TradeArabia News Service
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