(The Group’s Comment) Islamic Holding Group Net Profits Decreases to QAR 346.6 thousand in the 3rd Quarter 2019

 

 

Profit: The Company has recorded losses of QAR 346.7 thousand for the first 9 months 2019 versus losses of QAR 398.2 thousand for the equivalent period 2018. Losses per share amounted QAR 0.006 versus QAR 0.007. Concerning the 3rd quarter’s results, the Company’s losses amounted QAR 184.1 thousand compared to losses of QAR 336.8 thousand for the same period last year 2018.

 

Operating Revenues:  Net brokerage fees reached QAR 3.00 million versus QAR 2.40 million, a growth of 25% while the operating revenues amounted nearly QAR 5.80 million compared to QAR 5.51 million.

 

 

The Comprehensive Income Statement of the period did not include any assessment variations for the fair value of the investments against assessment profits of nearly QAR 153 thousand for the equivalent period of 2018.

 

Expenses: amounted as of the end of the period nearly QAR 6.15 million versus QAR 5.91 million for the same period 2018, an increase of QAR 240.0 thousand. The decrease in expenses came a result of the fine of QAR 500 thousand imposed on the company by Qatar Financial Markets Authority.