The Bahrain Ship Repairing and Engineering Company (Basrec) posted a 44 percent net profit increase in the first quarter of 2002, reaching 300,000 Bahraini dinars ($ 795,650), confirmed a bank statement. The company’s performance was attributed to an increase in revenues and a drop in operating expenses, allowing Basrec to post operating profits worth BD 140,759.
Basrec was founded in 1969 in Manama, Bahrain. The company offers container sales and repair services, electric motor rewinding service factories, ship and marine repair services and steel fabricator erectors. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
