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.