Dubai: Gulf Finance House said in a statement on Sunday it has not issued any offer for Bahrain Life Stock Company and it has not entered into agreement regarding the same.

GFH declared a net profit of $17 million (Dh62.4 million) in 2014, compared to a net loss of $18 million the previous year.

Total consolidated income for 2014 was at $160 million as compared to $13.5 million in 2013, the company said.