Bahrain’s Nass Corporation has announced a net profit of BD1.938 million ($5.14 million) for the   first quarter of 2012, compared to BD1.827 million for the same period last year.

Announcing the results, Nass Corporation chairman Abdulla Ahmed Nass said the company had achieved a gross turnover of BD23.805 million in the first quarter of this year (BD24.896 million in Q1 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,” he added. – TradeArabia News Service