Dlala Holding
Discloses Its Financial Statements for
Year 2016
February 01, 2017
Dlala Brokerage and Investment Holding
disclosed its financial statements for
the period ended on 31.12.2016. The
statement shows that the net profit is
QR 3.8 Million Compared to net loss
amounting to QR 41.97 Million For the
same period of the previous year.
Earnings per Share (EPS) amounted to QR
0.13 for the period ended December 31,
2016 to loss per share amounted to QR
1.48 for the same period of the previous
year.
The board of directors recommended no
dividends for the current year.
The Group's Comment
Dlala's net operational income dropped by 1.3% to QR 27.4
million in 2016, including QR 21.5
million as net brokerage revenues and
commissions, and QR 4.3 million as
properties revenues.
Public
and administrative expenses dropped by
8% to QR 24.2 million. As result, the
company posted a net profit worth QR3.8
million, compared to net loss worth
41.97 million in 2015. The company
incurred losses as result of a negative
change in the fair value of investments
available for sales, thus turning the
comprehensive income into a total loss
worth QR 6.2 million, compared to total
loss worth QR 29.2 million in the
previous year.