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Qatar-Oman Investment Company Net Profit
Drops to QR 5.17 Million in Q3 2018
October 29, 2018
Qatar-Oman Investment Company net profit
amounted to QR5.17 million, compared to QR10.55 million for the
same period last year, while the company’s earnings per share
reached QR0.164, versus QR0.335 for the corresponding period of
2017.
The Group’s Comments:
Qatar-Oman’s net income decreased by 36.7% to
QR9.18 million, and expenses stood at QR4.09 million, which led
to the decline of the net profit by 51.2% to QR5.17 million. On
the other hand, there was a significant positive change in the
fair value of investments amounting to QR21.3 million, which
boosted the comprehensive income upwards to QR26.5 million from
QR578 thousand in the corresponding period of 2017.
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