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Dlala Net profit Down 84.1% to QR1.3 million
in First Quarter of 2018
April 19, 2018
Dlala Holding net profit amounted to QR1.3
million in the first quarter of 2018, compared to QR8.2 million
for the same period last year. The holding’s earnings per share
recorded QR0.05, versus QR0.29 for the corresponding period of
2017.
The Group’s Comments:
Dlala's net income from commissions decreased
by 40% to QR6 million in the first quarter of 2018, adding other
revenues, the net operating income reached QR9.58 million,
compared to QR15.8 million in the same period last year.
Expenses, on the other hand rose by 7.9% to QR8.2 million,
resulting in a net profit of QR1.38 million in this quarter,
compared to QR8.2 million in the same quarter of 2017. It should
be note that there was a loss of fair value of QR1.28 million,
making the comprehensive income only QR108 thousand, compared to
QR1.93 million made during Q1 2017.
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