Qatar Oman Investment in
2016 Drop 27% to QR 13.37 Million
February 16,
2017
Qatar Oman Investment's net profit is QR
13,374,260 compared to QR 18,341,064 for the
same period of the previous year. ESP
amounted to QR 0.425 compared to QR 0.582
for the same period of the previous year.
The boards recommend the distribution of 5%
cash dividend equivalent to 50 dirhams per
share.
The Group's Comment
Qatar Oman Investment's total income dropped
to 19.4 million compared to QR25.1 million
in the last year, including QR14 million as
net investment revenues.
Expenses increased slightly to QR6.33
million. As result, this year's net profit
fell by 26.8% to QR13.4 million. However,
the company incurred losses as result of
negative change in the fair value of
investment worth QR17.7 million, thus
turning profit into a loss in the
comprehensive income worth QR4.3 million,
compared to 6.96 million in the last year.