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Islamic Holding Makes Goes from Profit to a
Net Loss of QR398.17 Thousand in Q3 2018
October 23, 2018
Islamic Holding Group net loss amounted of
QR398.17 thousand, compared to a net profit of QR196.76 thousand
for the same period last year, while the company’s loss per
share amounted to QR0.07 for the period ended 30/09/2018, versus
QR0.03 for the corresponding period of 2017.
The Group’s Comments:
Islamic Holding’s net operating profit
declined by 19% to QR5.5 million, of which QR2.4 million
generated from brokerage and commission income, while the
company’s expenses fell 11.4% to QR5.94 million. As a result,
the company went from profitable to a net loss of QR 398,000
versus a net profit of QR 197,000 and a comprehensive income
loss of QR 245,000.
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