Gulf Finance House net profit up 72.8%

The net profit of the Gulf Finance House until the end of the financial year last December has been up by 72.8 percent compared to the year before, totaling some KD 11.2 million.

According to the Company's financial statements officially reported by the bourse Tuesday, total dividend until last December has hiked by 19.2 fils to some 32.7 fils.

The market listed company has witnessed last year growth of net profit that hiked from three million in 2002 to some KD 6.5 million.

Figures of the company that operates according to the Islamic legislature, witnessed notable growth with liquid assets shooting from some KD 5.8 million in 2002 to some KD 7.8 million by end of same year, according to <i>KUNA</i>.

Total deposits and loans hiked from KD 11.8 million in 2002 to some KD 19 million in 2003.