(The Group’s Comment) Alijara Holding Net Profit Increased By 1% to QAR 12.9 million in the 3^rd. Quarter 2019

Ø  Profits: Company’s profit for the first 9 months of 2019 has marginally increased by 1.18% amounting QAR 12.9 million against QAR 12.8 million for the same period last year. Earnings per share for the first 9 months period 2019 amounted QAR 0.026 compared to QAR 0.0258 for the same period last year. Concerning the 3^rd. quarter 2019 profit, it has recorded QAR 8.87 million compared to QAR 1.40 million for the same period last year.

Ø  Total income and revenues: amounted QAR 123.53 million versus QAR 108.62 million increasing by 13.7%. This improvement is resulted from the increase in the revenues of the company’s core businesses especially the real estate development which has increased from QAR 34.0 million to QAR 65.8 million compensating the decrease in the revenues of the car rental business which has declined by QAR 16.0 million.

Ø  Cumulated losses: amounted QAR 179.84 million, a 36% of the share capital and 25.6% of the shareholders’ equity.

Ø  Assets: declined by 12.5%, an amount of QAR 138.16 million. In review of “Assets” clause, we observe the decline of the cash balances item by QAR 106.70 million. On the other hand, “Liabilities” has declined by QAR 125.7. Concerning “Debtors & Dues from Clients” clause, this item amounted QAR 31.5 million. Remarkably, the “Foreseeable Credit Losses Provisions” has increased to mount QAR 60.0 million. This translate that an expected default of QAR 0.60 for every QAR 1.0 credit sales.