GFH 2009Q3 loss AED106m -135%
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GFH 2009Q3 loss AED106m -135%

 
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Krazy Guy
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Joined: 30 Oct 2009
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GFH 2009Q3 loss AED106m -135%

Posted on Tue 10 Nov 2009 13:56 by Krazy Guy 		Reply with quote

Gulf Finance house board meeting today

Anyone has any insight into this. Shares have not traded in Bahrain, but were trading in Kuwait and Dubai.

DFM 10 November 2009:
DFM: Suspend trading on Gulf Finance House (GFH) shares starting from 01:30 PM as its BOD meeting is being held & trading will resume once results are disclosed.


[edit by mod] Updated topic title with results information - 2009 Q3 loss $29m, down 135% from 2008 Q3 profit $83m [/edit]
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sharewadi
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GFH 2009 Q3 results

Posted on Tue 10 Nov 2009 14:16 by sharewadi 		Reply with quote
Looks like Gulf Finance House (GFH) 2009 Q3 results being discussed, expect them to be released later today if that's the case.
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GPIC
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gfh loss 46% IMPROVEMENT on previous qtr

Posted on Tue 10 Nov 2009 19:21 by GPIC 		Reply with quote
lala wrote:
gfh loss 46% less then previous qtr

I didnt quite read it like this...! Smile

I read it as.............."gfh loss 46% IMPROVEMENT on previous qtr".

Guess its either Half Full, or Half Empty...! Laughing

Press Release 10 November 2009:
Manama, Bahrain: Gulf Finance House (GFH), the leading Middle Eastern Islamic investment bank today announced a net loss for the third quarter of 2009 of US$ 29 million (US$ 121 million loss for the year to date), which compares to a profit of US$ 82 million made during the third quarter of 2008 (US$ 302 million for 2008 year to date). The third quarter loss is attributed to nascent placement activity offset by ongoing cost management efforts.

The results mark an improvement of 46% from the second quarter 2009 net loss of US$ 54 million.
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