Investment Holding Net Profit Down 10.9% to QR40.71 Million; Board Recommends Distributing %2.5 Cash Dividends

March 13, 2018

Investment Holding made a Net Profit of QR40.71 million in 2017, a drop of 10.9% compared to QR45.72 generated in the previous year. The holding’s earnings per share recorded QR0.49 compared to QR0.55 in the year before, while the Board of Directors recommended the distribution of 2.5% of the nominal share value in cash dividends.

The Group’s Comments:

Investments Holding’s total operations profit from its ongoing activities has dropped by 5% in 2017 to the level of QR141.1 million, while other revenues settled at QR26.2 million. In contrast, all expenses made a slight 1.8% drop to QR92.6 million. As a result, the net profit attributable to the company owners amounted to QR40.7 million, compared to QR102.6 million made during the previous year, where the company made extra profits from non-ongoing operations.