Monday 28, April 2008 by

Gulf Finance House beats first quarter target results

Gulf Finance House (GFH) has made a formidable start to 2008 with a net profit of $116 million, an increase of 61 per cent as compared to the first quarter of 2007. This quarter’s result has also exceeded the strong fourth quarter results of $108 million for 2007. GFH also recorded a healthy rise in assets this quarter, reaching $2,577 million, up by 14.8 per cent compared to the previous quarter, while shareholders’ equity reached $790 million.