Qatar-Oman Net Profit Drops to QR5.44 Million in 1st Half of 2018

July 26, 2018

Qatar-Oman Investment Company net profit amounted to QR5.44 million, compared to QR10.55 million in the same period last year, while its earnings per share amounted to QR0.17 in first half of 2018, versus QR0.33 in 2017.

The Group’s Comments:

Total revenues of Qatar-Oman declined by 38.5% to QR8.27 million in the first half of 2018, and total expenses decreased by 3% to QR2.87 million. Net profit fell 48.4% to QR5.44 million, and the company recorded a fair value gain of QR26.1 million, which led to an increase in the comprehensive income to QR31.5 million, versus the comprehensive loss of QR2.6 million recorded in the corresponding period of 2017.