Aamal Net Profit Rises to QR115.8 Million in First Quarter of 2018

May 1, 2018

The net profit of Aamal amounted to QR115.8 million for the first quarter of 2018, compared to QR114.5 million for the same period last year. Aamal’s earnings per share recorded QR0.18, unchanged compared to the corresponding period in 2017.

The Group’s Comments:

The gross profit of Aamal retreated by 46.4% to QR117.1 million in the first quarter of 2018, and expenses dropped by 13.7% to QR28.9 million. The company's share of profits from investments in other companies amounted to QR31.2 million in this quarter, compared to QR2.2 million recorded at the same period in 2017. As a result, the company's profit decreased by 16.9% to QR116.1 million.