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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.
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