815 thousand dinars, web revenue of Travco Group within the first quarter of 2022

Travco Group generated web earnings attributable to shareholders of BD 815 thousand in comparison with BD 646 thousand within the first quarter of the earlier 2021, a rise of 26%.
Earnings per share for the primary quarter of 2022 was 11 fils, in comparison with 9 fils in the identical interval the earlier yr.
The group generated a complete return to shareholders of Travco Group within the first quarter of this yr of 1.72 million Bahraini dinars in comparison with 1.35 million Bahraini dinars in the identical interval of the earlier yr, up 27%.
Ibrahim Zainal, chairman of Travco Group, stated that because of the present market scenario, the efficiency of the subsidiaries was extra optimistic, particularly the dairy firm Awal, which was in a position to preserve its costs in comparison with opponents and was in a position to improve its gross sales. However, the efficiency of the father or mother firm Travco throughout this era was comparatively higher. The father or mother firm’s total gross sales and gross margin are additionally higher in comparison with the earlier yr.
Azzam Matarji, Chief Govt Officer of the Group, defined that the explanation for the rise in complete complete earnings within the quarter was because of a big improve within the truthful worth of investments, which additionally mirrored on the worth of property.
Complete share capital (excluding minority pursuits) as at 31 March 2022 was BHD 28.15 million in comparison with BHD 27.48 million on the finish of the earlier yr, a rise of two%.
Complete property as of March 31, 2022 have been BD 51.20 million in comparison with BD 47.63 million on the finish of the earlier yr, a rise of seven%.

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