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Al Meera Net Profit Drops to QR93.28 Million
in First Half of 2018
August 07, 2018
Al Meera Consumer Goods’ net profit
attributable to shareholders amounted to QR93.28 million,
compared to QR102.36 million for the same period of 2017, while
its earnings per share recorded QR4.66, versus QR5.12 for the
corresponding period last year.
The Group’s Comments:
Al Meera’s total revenues rose by 5.2% to
QR298.1 million for the first half of 2018, of which QR250.7
million profit from activity. The company’s total expenses and
costs increased by 13.1% to QR204.7 million, which took a toll
on the net profit causing it to decrease by 9% to QR93.28
million. The change in fair value was positive by QR6.1 million,
compared to the corresponding period of 2017 where it declined
by QR11.6 million. As a result, the comprehensive income
increased by 9.4% to QR99.4 million.
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