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27-02-14

Bahrain's BENEFIT profit grows 7.4 percent in 2013

(MENAFN) The Bahrain-based BENEFIT Company reported USD6.6 million net profit for 2013 compared to USD6.06 million in 2012, according to Gulf Daily News. The company registered a 7.4 percent growth in profit during the year. Operating profits also rose 2.5 percent in 2013 to reach USD6.32 million compared to USD6.065 million in 2012. The company has distributed 25 percent as cash dividends and 20 percent bonus shares of paid-up capital. BEN-EFIT vice-chairman Reyadh Yousif Sater said: "The company's high quality and diverse services in electronic payments and credit information have significantly impacted the positive growth and results."