Mumtalat's Net Profit Decreases Due to Alba's Results
2019-06-03 - 9:07 p
Bahrain Mirror: Mumtalakat announced achieving BD 55.8 million net profits in 2018.
The company's profits decreased compared to 2017 with a net profit of 210.6 million dinars, according to an official statement.
The company attributed the decline in profits "mainly to the profits of the revaluation process that took place in 2017 when the associates companies were excluded at value of $667 million (BD 250.8 million), and decrease in Alba's net profit due to the rise in prices of raw materials in 2018."