Markaz reports net profits down $24.1 million from same period last year
"Markaz" has reported its financial results for the first half ending 30 June 2009. Net profit reached KD 2.2 million ($7.6 million), or earnings per share of 5 fils compared with KD 9.1 million ($31.7 million) in net profit and an EPS of 20 fils for the same period last year. "Markaz" short-term debt totalled KD 4.9 million ($17 million) and total debt reached KD 33.6 million which represents six per cent and 42 per cent of shareholders' equity, respectively. Fee income remains healthy at KD 3.8 million ($13.2 million) and formed more than 70 per cent of total income.