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Gulf Finance House 2016 net profit jumps nearly 20 folds

Gulf Finance House on Sunday posted a solid set of fourth quarter and 2016 results, with net profit jumping to $233.05 million in 2016, a near 20-fold increase. Revenues also jumped $578.96 million last year compared to $87.99 million in 2015. The increase was due to major recoveries achieved from…

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