(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.
