The Daily Tribune – www.newsofbahrain.com
Bahrain Flour Mills company yesterday reported a profit for the first quarter, reversing a loss a year ago, helped by increases in the fair value of investments and other income.
The company said it has all COVID-19 measures in place on its premises, with 90% of its employees receiving the vaccination. Quarterly net profit was BHD 1,110,945, compared to a net loss of BHD 1,931,932 in the year-ago quarter.
Basic and diluted earnings per share were 45 fils compared with a loss of (78) fils in the same period of 2020. Q1 operating profit was BD 160,079 compared to BD 260,314 in the year-ago quarter, a decrease of 38.5%.