Salam International Investment Net Loss Rises to QR28.98 Million in Q3 2018

October 30, 2018

Salam International Investment Ltd. net loss amounted to QR28.98 million in the nine months ended on 30/09/2018, compared to a net loss of QR3.76 million for the same period in 2017, while the company’s loss per share reached QR 0.25, versus QR 0.03 for 30/09/2017.

The Group’s Comments:

Salam’s gross revenues declined by 6.2% to QR 474.9 million in the nine month period ended 30/09/2018, while the total expenditure stood at QR 500.6 million. As a result, the company's losses doubled to QR 28.98 million, compared to a loss of QR 3.76 million in the corresponding period of 2017, with a comprehensive loss of QR 30.6 million.