Islamic Holding Net Profit Turns Net Loss of QR 61,300 in 1^st Half of 2018

July 22, 2018

Islamic Holding Group’s net loss amounted to QR61.4 contrary to the same period in 2017 where the company netted profit of QR769.8, while the group’s losses per share amounted to QR0.01 in the first half of 2018, versus earnings per share of QR0.14 for the same period last year.

The Group’s Comments:

Islamic Holding’s net income from brokerage and commissions fell by 54.6% to QR1.78 million in the first half of 2018. After adding bank deposit profits, the net income fell 25.8% to QR3.92 million. In contrast, expenses of all types decreased by 19.4% to QR3.98 million. As a result, the company witnessed a small loss of QR61.4 thousand compared to QR769.8 thousand that was recorded in the corresponding period of 2017.