Milaha Net Profit Rises to QR260 Million in First Quarter of 2018

April 29, 2018

Milaha’s net profit reached QR260 million for the first quarter of 2018, compared to QR236 million for the same period of the previous year. The company’s earnings per share amounted to QR2.29, versus QR2.08 for the same period of 2017.

The Group’s Comments:

Milaha’s gross operating profit in the first quarter of 2018 increased by 7.7% to QR697.8 million. The total expenses also increased, this time by 9.7% to QR202.8 million. On another hand, the net profit rose by 10% to QR259.8 million. It should be noted that the company had a net profit of QR147.5 million, which all resulted in the increase of the comprehensive income to QR407.3 million.