Alijarah Holding becomes Profitable with Net Profit of QR4.32 Million in Q3 2018

October 21, 2018

Alijarah Holding Company net profit amounted to QR4.32 million, compared to a net loss of QR20.21 million recorded in the same period last year, while its earnings per share reached QR0.09, versus a loss per share of QR0.41 for the corresponding period of 2017.

The Group’s Comments:

Alijarah revenues rose by 2.9% to QR100.2 million, while expenses decreased by 19.9% to QR109.3 million. Consequently, the operating loss decreased to QR9.1 million, compared to a loss of QR38.9 million in the corresponding period of 2017. The company’s net financing income decreased by 28% to QR13.4 million, resulting in turning the net loss of QR20.2 million into a net profit of QR4.3 million.