Gulf Finance House net at $6.3m

Gulf Finance House (GFH), the Bahrain based Islamic investment bank, today announced its financial results for the fiscal year ended December 31, 2013.

The year was marked by the resumption of main stream of placement activities and progress on the Bank's strategy of moving towards an exit from a number of investments.

For 2013, the Bank posted a net profit of $6.3 million when compared to $10.03 million in 2012.

Operating profit, before provisions, for the year 2013 was $9.3 million when compared to $20.43 million for 2012.