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.
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