National Finance House Group has announced its financial performance for the fiscal year ended December 31, 2024, reporting a net profit of BD943,000, marking a 62 per cent increase from BD581,000 in 2023.
This growth was primarily driven by higher net interest income of BD2.57m and an increase in gross profit from automotive sales, which reached BD208,000.
Total income for the year rose by 15pc to BD3.21m, reflecting NFH’s strategic focus on revenue diversification and cost efficiency.
Net profit for the last quarter of 2024 stood at BD215,000, a significant rise from BD27,000 in the same period last year.
The group maintained a dynamic balance sheet, with total assets reaching BD47.07m and an equity base strengthening to BD17.88 million.
In light of these results, the board of directors has proposed a cash dividend of 10pc of the paid-up capital (BD750,000), subject to shareholder approval at the annual general meeting scheduled for March 18, 2025, as well as regulatory approval.
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