(The Group’s Comments) Qatari Investors’ Net Profit
Drops to QAR 84.4 Million for the First Half of 2019
July 23, 2019
Profits: the profits of Qatari Investors
Group amounted to QAR 84.4 million for the second quarter of
2019, a drop of 37.8%, compared to QAR 135.7 million for the
corresponding period of 2018, while the company’s earnings per
share reached QAR 0.07 in this half, versus QAR 0.11 for the
corresponding first half of 2018. The company’s net profits for
the second quarter of 2019 on the other hand fell from QAR 51.5
million, achieved in this period last year, to QAR 32.9 million
for this year.
Comprehensive Income: Qatari
Investors posted a revaluation gain of QAR 1.56 million through
the statement of comprehensive income, compared to a gain of QAR
1.01 million for the same period of 2018.
Revenue: fell by QAR 75.2 million or 19.5% to
QAR 310.2 million in the first half of 2019, compared to QR
385.5 million for the same period of 2018. Revenues are
generated mostly from industrial activities, which account for
85% of the company’s total revenues, as well as maintenance and
logistics revenues.
Revenue Cost: dropped by
15.2%, which means revenues decreased far more than their cost
pressuring profit margins, and leading to a drop in the gross
profit from QAR 216.2 million to QAR 166.7 million.
Other Revenues & Expenses: no
significant changes in these statements except for a decrease in
administrative and general expenses of QAR 1.6 million due to
the reduction in employees cost, while financing costs climbed
by QAR 5.8 million.
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