Al Meera Consumer Goods Net Profit Drops to
QR121.34 Million in Q3 2018
October 29, 2018
Al Meera Consumer Goods Company net profit
amounted to QR121.34 million, compared to QR136.70 million for
the same period of the previous year, while Al Meera’s earnings
per share reached QR6.07 versus QR6.84 for the corresponding
period of 2017.
The Group’s Comments:
Al Meera’s gross profit rose by 3.3% to
QR357.7 million, while its profits from rents and other sources
increased to QR69.4 million. However, the company’s total
expenses increased by 15.6% to QR308.4 million. Al Meera’s net
profit for the period ended 30/09/2018 decreased by 11.4% to
QR121.2 million, but there was a change in the fair value of
QR15.5 million, resulting in the increase of the comprehensive
income to QR135.8 million from QR116 million recorded in the
corresponding period of 2017.
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