Investment Holding Group Profits in Q1, 2017 Rose 34.4% to QR12.1 Million 

 
August 06, 2017 
 
Investment Holding Group announced that its earnings in the first quarter of the year rose by 34.4% to QR 12.1 million compared to QR 9 million in the corresponding period of the previous year.
 
The Group Securities Comment:
 
Investment Holding Group total operating profit decreased by 7.3% to QR 31.9 million in the first quarter of the year. General and administrative expense and marketing costs decreased by 6.8% to QR 22.7 million. After adding other income , dividend distributions amounting to QR 9.8 million and deducting financing costs of QR 1.3 million, the profit for the period increased by 10.4% to QR 16.7 million and the profit attributable to shareholders increased by 34.4% to QR 12.1 million compared to QR 9 million in the corresponding period last year.
 
It is worth noting that the company also announced a decline in its profits for 2016 by 6.3% to  QR102.6 million (Not including subscription amounts). 
 
Interim Financial Statements for the period ended 31 March 2017 http://bit.ly/2ucYzlc
 
Consolidated Financial Statements for the year ended 30 December 2016 http://bit.ly/2ucD8Br