Nass Corporation reports BD2m profit in Q1

Bahrain-based regional construction giant, Nass Corporation, reported a net profit of BD1.938 million for the first quarter of 2012, a slightly higher than BD1.827 million for the same period last year.

Announcing the results Nass Corporation BSC, Chairman, Abdulla Ahmed Nass said that the Company had achieved a gross turnover of BD23.805 million in 1st quarter of this year (BD24.896 million in 1st quarter of 2011) on which it had earned a net profit of BD1.938 million (BD1.827 million in 1st quarter of 2011).

“Despite extremely adverse market conditions the company has been able to achieve a reasonable growth in profit and is confident of carrying forward its successful track record in the period to follow,” Nass added.