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.