News Column

Benefit Company net profit surges 7pc

February 27, 2014



Benefit Company has recorded 7.4 per cent spike in net profit in 2013 with an amount of BHD2,514,867 compared to BHD2,341, 975 year-on-year. Operating profit stood at BHD2,422,407 in 2013 against the 2012 figures of BHD 2,362,464, resulting in 2.5pc growth. The board has recommended to disburse 25pc as cash dividends and 20pc as bonus shares of paid up capital subject to the approval of the authorities and the shareholders at the AGM. The board meeting was chaired by Vice Chairman of Benefit board Reyadh Yousif Sater, who said that the diverse services in electronic payments and credit information has significantly impacted the positive growth and results of the company. Three areas financial transactions, customer information segment and business outsourcing were identified by the company to broaden its services as part of the strategic vision, he said. CEO of the company Abdulwahid Janahi said the institution shall continue its efforts in providing the market the best services with the highest quality in terms of banking, financial and payments services in order to gain the customers, clients, and partners satisfaction.

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Source: Daily Tribune (Bahrain)


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