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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.
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