The Group Securities: Overview of the Key Indicators of Consolidated Financial Statements of the Service Sector Companies Listed on Qatar Exchange for H1 2019

 

August 14, 2019

 

The Group Securities presents its review of the key indicators of the consolidated financial statements of the service sector companies listed on Qatar Stock Exchange for the first half of 2019, as reflected in the financial statements for the period ended 30/06/2019, namely the Semi-annual Consolidated Net Profits, Revenues and Net Profit Margin. The chart published in this report summarizes the key indicators of the consolidated financial statements of the service sector companies listed on the Qatar Exchange for the first half of 2019.

 

-        Total net profit amounted to about QAR 936.1 million for the first half of 2019, compared to QAR 959.7 million for the same period of 2018, a decrease of 2.50%.

 

-        Companies operating within this sector recorded a growth in revenues of about 4.0%, led by Zad Holding, which posted the highest growth rate of 22%, while the revenues of Salam International recorded a decline of about 12%.

 

-        Woqod’s profits represented about 59% of the sector's profits, followed by Zad Holding at 12%.

 

-        All the sector’s companies turned a profit, except Qatari German Medical Devices Co. which recorded a loss of about QAR 5.6 million.

 

-        The sector’s net profit margin amounted to 5.0%.

 

-        Only two companies within this sector, Woqod and MediCare, are included in the first sample with a weight of 6.57% and 0.75% respectively.