Mubasher: The net profits of Ithmaar Holding, which is listed on Bahrain Bourse as well, increased to $18.48 million in the first half (H1) of 2024 from $4.35 million in H1-23.
The company posted a total income amounting to $473.97 million in H1-24, an annual rise from $329.94 million, according to the consolidated financial results.
Basic and diluted earnings per share (EPS) hit $0.12 in the first six months (6M) of 2024, against a loss per share of $0.22 a year earlier.
Financials for Q2-24
In the second quarter (Q2) of 2024, Ithmaar Holding registered net profits valued at $2.56 million, higher year-on-year (YoY) than $2.30 million.
Total income hiked to $237.12 million in Q2-24 from $177.39 million in Q2-23.
Accumulated Losses
Ithmaar Holding suffered accumulated losses valued at $834.67 million as of 30 June 2024, accounting for 110% of the capital.
During January-March 2024, the dual-listed firm shifted to net profits valued at $6.84 million, against net losses of $3 million in Q1-23.
