(The Group’s Comments) Dlala Holding's Net Profit Turns Net Loss of QAR 3.68 Million in the First Half of 2019

 

July 30, 2019

 

Results of the Year: Dlala posted a loss of about QAR 3.7 million for the first half of 2019, compared to a profit of QAR 1.4 million for the same period of 2018. The company’s loss per share amounted to QAR 0.013 versus earnings per share of about QAR 0.050 in the corresponding period of 2018. These results stem from the establishment of a provision to account for fines imposed by Qatar Financial Market Authority, which has had a significant impact on the company’s results for this period.

 

Revenues: amounted to QAR 14.9 million for the first half of 2019, compared to QAR 17.7 million in the corresponding period of 2018, a decrease of 16%. Although real estate revenues improved by QAR 3.0 million, the decrease of brokerage commissions by QAR 5.6 million led to this decline.

 

Expenses: increased to QAR 18.9 million compared to QAR 16.4 million for the first half of 2018, as mentioned earlier.

 

Accumulated Losses: reached QAR 58 million by the end of the first half of 2019, representing 20.4% of the capital and about 27.5% of the shareholders' equity, and the book value of the share stood at QAR 0.74