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Aamal Net Profit Falls to QR 336.3 Million
in Q3 2018
October 30, 2018
Aamal net profit amounted to QR336.3 million,
compared to QR352.9 million for the same period of the previous
year, while its earnings per share reached QR0.53, versus QR0.56
for the corresponding period of 2017.
The Group’s Comments:
Aamal’s operating profit dropped by 13.3% to
QR366.9 million, while total expenses fell by 8.1% to QR100.3
million. After adding QR72.8 million from the share of the
results of the companies Aamal invests in, and subtracting
finance costs, the result is a decline in the net profit of 4.7%
to QR336.3 million.
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