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Fakhro Fakhro

Bahrain Cinema Company Announces Record Profit

Bahrain Cinema Company announced a record net profit of USD99 million for the nine months period ending in September this year.

The increase in net profit is due to the sale of 50 percent of the assets of City Centre Cinema location for the amount of USD51.7 million and also the resultant fair value increase due to revaluation of remaining 50 percent of the assets of the cinema.

Esam Abdulla Fakhro, chairman, board, Bahrain Cinema Company, said, “At Bahrain Cinema Company, we pride ourselves on the exponential level of growth we have maintained thus far through the constant provision of the highest standards of quality in entertainment [...]”