Aamal Discloses Interim Financial Statement for Six Month Period Ended June 30, 2017

July 31, 2017

Aamal Company disclosed its reviewed financial statement for the period ended on 30.06.2017. The statement show that the net profit is QAR 240.4 million compared to net profit amounting to QAR 255.6 million for the same period of the previous year.

Earnings per Share (EPS) amounted to QAR 0.38 for the period ended June 30, 2017 compared to an EPS of QAR 0.41 for the same period of the previous year.

The Group's Comment

Aamal Company's net operational income declined by 13.8% to QR 306.2 million. Total expenses stood at QR78.1 million, slightly up. The company earned QR 25 million from its share in investment companies, and profit worth QR 22.2 million as result of a positive change in the fair value of investments; as well as other sources of income worth QR3.6 million, as against financing cost worth QR 11.8 million. As result, net profit attributable to shareholders declined by 5.5% to QR 240.4 million.