Salam Net Profit Turns Net Loss of QR8.21 Million in Q1 2018

April 24, 2018

Salam International Investment Limited (SIIL) net loss amounted to QR8.22 million for the first quarter of 2018, compared to QR20.39 million for the same period last year. The company’s loss per share was recorded QR0.07, versus QR0.18 for the corresponding period in 2017.

The Group’s Comments:

SIIL’s operating income for the first quarter of 2018 decreased by 17.4% to QR152.8 million, while other incomes and investments generated QR13.5 million, and its total expenses and costs dropped by 14.5% to QR146.4 million. As a result, the company achieved a net loss of QR6.48 million compared to a net profit of QR20.4 million in the corresponding period of 2017. It should be noted that there was a fair value loss of QR3.48 million, bringing the overall loss to QR11.7 million.