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.
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