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.