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.
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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%.
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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%.
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Woqod’s profits represented about 59% of the sector's profits,
followed by Zad Holding at 12%.
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All
the sector’s companies turned a profit, except Qatari German
Medical Devices Co. which recorded a loss of about QAR 5.6
million.
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The
sector’s net profit margin amounted to 5.0%.
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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.
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