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Investment Holding Profits Rise to QR23.32
Million in First Half of 2018
August 07, 2018
Investment Holding Group’s profits
attributable to shareholders amounted to QR23 million, compared
to QR20 million for the same period last year, while its
earnings per share amounted to QR0.28, versus QR0.25 per share
for the corresponding period of 2017.
The Group’s Comments:
While Investment Holding Group’s total
investment profit from activity increased by 2.4% to QR65.7
million, other revenues and received dividends decreased,
reducing total revenues by 1.3% to QR76 million. On the other
hand, general expenses and bank interest and depreciation
increased by 64.7% to QR73.3 million. The net profit was
expected to fall to QR2.67 million, but the company achieved
fair value gains of QR28.8 million resulting in the climb of the
comprehensive income - not the net profit - to QR23.3 million
compared to QR21 million in the corresponding period of 2017.
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