(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.
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