Bahrain-listed firms’ net profits fall 58%

Bahrain-listed companies’ net profits fell by 58 per cent year-on-year (y-o-y) in Q2-2023, dragged down by declines in the materials, banking, and diversified financials sectors. Analysis by Kuwait-based Kamco Invest shows that the materials sector reported the biggest quarterly decline in profits at Bahrain Bourse (BHB). Alba, the only company…