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Qatari Investors Net Profit to QR135.67
Million in 1st Half of 2018
July 24, 2018
Qatari Investors Group’s net profit amounted
to QR135.67 million in the first half of 2018, a 10.8% drop
compared to QR152.21 million for the same period last year,
while the group’s earnings per share reached QR1.09, versus
QR1.22 for the corresponding period of 2017.
The Group’s Comments:
Although Qatari Investors’ sales revenue
declined in the first half of 2018, the much lower cost of sales
led to an increase in revenues of 6% to QR216.2 million, in
addition to a limited increase in other types of income to
QR18.3 million. On the other hand, sales and administrative
expenses increased by 17.7% to QR50.5 million, while the cost of
financing climbed by 52.6% to QR40.3 million. As a result, the
net profit attributable to shareholders declined by 10.8% to
QR135.7 million. There have been limited positive changes in the
fair value, which led to the increase in the comprehensive
income to QR136.7 million.
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