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.