(The Group’s Comment) Qatari Investors Group Net Profits Declines by 34% to QAR 115.59 Million in the 3^rd Quarter2019.

Ø  Profits: Net profits for the first 9 months of 2019 amounted to nearly QAR 115.6 million compared to QAR 175.3 million for the same period 2018, a decline of 34.1%. Earnings per share amounted QAR 0.09 versus QAR 0.14. However, the 3^rd quarter profits amounted QAR 31.2 million versus QAR 39.6 million.

Ø  Comprehensive Income: The Company has registered re-evaluation profits reflected in the comprehensive income statement by QAR 1.56 million versus profits of nearly QAR 1.01 million for the same period last year.

Ø  Revenues: decreased by 18.5%, an amount of QAR 100.0 million, to reach QAR 439.5 million compared to QAR 539.4 million for the same period 2018. Most of the revenues are generated from the company’s industrial activities constituting 85% of the total revenues in addition to the revenues from maintenance services and logistic activities.

Ø  Cost of revenues: reduced by QAR 43 million (16%). This reflects the fact that the reduction of revenues was greater than the reduction in cost of revenues which stated a pressure on the profitability margins and reducing the total profits from QAR 296.0 million to QAR 236.1 million.

Ø  Revenues and other expenses: No substantial variations took place on these items except the reduction in the administrative and general expenses of QAR 3.2 million caused by a reduction in the cost of employees. In contrast, the cost of financing was increased by QAR 7.3 million.