(The Group’s Comment) Dalala Holding Net Losses Reduced to QAR 5.4 Million in the 3^rd Quarter 2019

Ø  Year’s Results: The Company achieved losses by QAR 5.78 million versus losses of QAR 16.06 million. Losses per share amounted QAR 0.019 versus losses of QAR 0.056 per share for the equivalent period last year 2018.

Ø  Concerning the 3^rd quarter results, the Company recorded losses of QAR 2.08 million. The Company has formulated provisions against fines imposed by the Qatar Financial Markets Authority which has substantially impacted the period results.

Ø  Revenues: Net revenue from Brokerage fee reduced by approximately 58% and recorded QAR 9.67 million compared to QAR 16.64 million for the equivalent period last year 2018. In contrast, the company has achieved real estate profits of QAR 3.77 million, a matter that reduced the impact caused by the decline in the brokerage fee bringing the total revenues to QAR 18.29 million versus QAR 22.11 million.

Ø  Expenses: reached QAR 24.13 million compared to QAR 38.54 million for the same period last year where the company avoided a provision against debtors by QAR 13.90 million during the same period last year.

Ø  Cumulated losses: reached by the end of the 9 months QAR 59.70 million to constitute nearly 21% of the share capital. Book value of the share amounts QAR 0.72.