(The Group’s Comment) Ahli Bank’s Net Profits for 2019 Increases by 1.4% to QAR 675.23 Million
16 January 2020
Net Profits: Net profits for the year 2019 amounted to QAR 675.2 million compared to QAR 665.6 million for the preceding year 2018. An increase of 1.44%. Earnings per share amounted to QAR 0.292 compared to QAR 0.288 of 2018. Fourth quarter 2019 net profits amounted QAR 130.7 million against QAR 127.7 million for the same quarter 2018.
Comprehensive Income: The Bank recorded valuation profits of about QAR 11.48 million for 2019 against valuation losses of QAR 7.6 million for 2018.
Operating Revenues: Operating revenues for the year 2019 recorded nearly QAR 1110.5 million compared to QAR 1110.1 million, an increase of 0.85%.
Expenses: 2019 expenses amounted to approximately QAR 435.3 million equalizing the same amount of 2018. Losses from the declined of customer loans and advances item increased by QAR 5.8 million amounting to QAR 132 million. Irregular loans constituted 2.16% of this item compared to 1.69% for preceding year 2018.
Dividends distributions and market ratios: The Bank’s Board of Directors recommended to the shareholders’ annual general assembly the distribution of 15% of the share nominal value (QAR 0.15) in addition to 5% bonus shares. Earnings of the cash distribution stood at 4.05% while the share is being traded at a frequency of 12.67 times.