Qatari Investors Group Profits in Q3, 2017 Fell 12% to QR 193.25 Million 

October 17, 2017

Qatari Investors Group net profit in the third quarter 2017 stood at QR 193.25 Million, a decline of 12% compared to net profit of QR 220.31 Million for the same period last year.

Earnings per share reached QR 1.55 versus QR 1.77 in the corresponding period last year.
 
The Group Securities Comment:
The total profit of Qatari Investors Group activities in 9 months decreased by 5.7% to QR 272.3 Million. There were various income from rents of QR 5 Million, profits of associates amounting to QR 11.9 Million, and deposits, investments and other income totaling QR 10.3 Million. On the other hand, expenses of all kinds increased by 4.1% to QR 104.2 Million, of which QR 58.8 Million were administrative and general expenses, QR 40.5 Million were finance costs, QR 6.9 Million were selling, and distribution expenses. As a result, net profit decreased by 12.3% to QR 193.3 Million.