IslamicFinance.de

GFH Financial Group has announced its financial results for the first half of 2015 ended June 30, 2015. For the first six months of 2015, the Group reported a net profit of US$13.6 million compared with US$14.8 million during the prior year period. Net profit for the second quarter of 2015 was US$7.6 million versus US$12.4 million reported in the second quarter of 2014. Last year's results included a one-off income of US$33 million as a result of a recovery. Excluding this one-off gain, net profit for the first six months of 2015 increased to US$13.6 million compared to a loss of US$18.2 million for the prior year period.