GFH Reported Net Profit Attributable to Shareholders of USD 37.04 Million for 1H 2021

On the 12th of August 2021, GFH Financial Group (GFH) announced its financial results for the first half of 2021, ended 30th of June 2021 (1H 2021).

Why it Matters?

Net profit attributable to shareholders came in at USD 37.04 million during 1H 2021, an increase of 146.1% year-on-year (YoY). Growth during 1H 2021 was led by increased activities by Treasury as well as stronger results performance from GFH’s commercial banking subsidiary.

Details

Total income in 1H 2021 came in at USD 181.01 million compared to USD 146.53 million for the first half of 2020, implying a YoY increase of 23.5%. The increase in income was driven by strong performance and contributions across each of GFH’s core business activiti...