GFH losses decrease

10 May 2010

Bahrain-based Gulf Finance House (GFH) has said its Q1 losses have dropped by 80% on cost cuts, with revenue recovering from the lows seen at the end of last year, Reuters has reported. The Islamic investment house said that its net loss in the three months ending March 31 was $7.5m, compared with a net loss of $37.74m the year earlier.

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