August 10, 2022

Bahrain Automotive Parks Firm (Makan) CPARK introduced monetary outcomes for the second quarter and 6 months ended June 30, 2022.

When it comes to the corporate’s monetary outcomes for the three-month interval ending June 30, 2022, the corporate generated a internet revenue of 136 thousand Bahraini dinars in comparison with 170 thousand Bahraini dinars for a similar interval in 2021, a lower of 20%. Fundamental and diluted earnings per share had been 1.25 fils, in comparison with 1.55 fils for a similar interval final 12 months. The entire complete revenue decreased by 7%, reaching 66 thousand Bahraini dinars, in comparison with 71 thousand Bahraini dinars in the identical interval of 2021. The corporate additionally achieved a 23% enhance in working revenue, reaching 546,000 Bahraini dinars, in comparison with the earlier 12 months. 444 thousand Bahraini dinars for a similar interval in 2021.

When it comes to the corporate’s monetary outcomes for the six-month interval ending June 30, 2022, the corporate made a internet revenue of 300,000 Bahraini dinars in comparison with 368 thousand melons in the identical interval in 2021, which implies a lower of 19%. Fundamental and diluted earnings per share had been Fils 2.75 in comparison with Fils 3.37 in the identical interval in 2021. The entire revenue elevated by 16%, reaching RSD 249,000 in comparison with RSD 215,000 for a similar interval in 2021. The corporate additionally achieved a 23% enhance in working revenue to 1.1 million Bahraini dinars, in comparison with 881,000 Bahraini dinars in the identical interval in 2021.

Complete capital was BD 19.4 million, down 2% to BD 19.8 million for the 12 months ended 31 December 2021. As for the corporate’s belongings, they amounted to twenty million Bahraini dinars, in contrast with 20.4 million Bahraini dinars for the 12 months ended 31 December. , December 2021, down 2%.

Commenting on these outcomes, Amin Ahmed Al-Areed, Chairman of the Board of Administrators of the corporate, stated: “The outcomes of the second quarter reveal the continued efforts to innovate and enrich the life-style of consumers.” Al-Areed added that this quarter’s outcomes clearly reveal Makan’s continued efforts to innovate, discover new methods, and enhance buyer existence by creating seamless experiences. Al-Arayed added: “This quarter we had been in a position to show our capability to efficiently and successfully handle the corporate regardless of a difficult working surroundings as working revenue rose 23%. Noting that the implementation of the corporate’s technique requires further funding.

Particularly as the corporate strives to stay dedicated to its work plan and appears ahead to new advances and the pace of digital transformation.

For his half, Tariq Ali Al Jauder, CEO of the corporate, stated: “Believing in our values ​​and our give attention to digital transformation, we proceed to work and attempt to increase the digital fee gateway, along with the upcoming launch date of our cellular software, which in will contribute considerably to bettering the flexibility to work together with prospects and entry to our websites as a part of our long-term dedication to buyer comfort. He identified that the corporate’s efficiency is in keeping with its strategic plan to realize long-term sustainable development for shareholders. With the corporate’s give attention to launching progressive options and delivering superior customer support.

Bahrain Parking Firm (Amaken) BSC was based in October 1981 and is a public firm listed on the Bahrain Inventory Change since March 2006, working within the industrial {and professional} companies sector, specializing in parking administration and property leases.

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