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.
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