The vice chairman of Al-Khaleej Development Company (Tameer), Ahmad al-Qattan, has said that the excellent results announced recently by the company as of the end of the third quarter of 2005, boosted the trade in the company's shares in both the Bahraini and the Kuwaiti stock exchanges. According to him, the share registered the highest price it ever had. The company registered at the end of the third quarter a total of $12.4 million in profits, compared to $1.6 million in the equivalent period last year, say a 666% spurt and a 25.9% profit on the paid up capital, reported Al-Sharq al-Awsat newspaper on November 1.
The company registered also at the end of the above mentioned period a total
income of $17.4 million, 579% more in comparison to the same period of 2004. These revenues were achieved through the sale of income-yielding properties and lands owned by the company, income-yielding buildings, consultancy services, and profits from investments in other companies.
The company total assets amounted to $87.4 million at the end of the third
quarter of 2005, compared to $61.4 million at the end of 2004, 42% up.
