Qatari Investors Net Profit Drops 18% to QR205.87 Million in 2018

Ø  Profits: The Company’s profits, after minority interests, amounted to QR205.9 million in 2018, compared to QR253.1 million in 2017, a decline of 18.7%. The company’s earnings per share reached QR1.66, versus QR2.04 in 2017, while the comprehensive income recorded QR213.6 million (investment valuation loss of one million Qatari Riyals).

 

Ø  Revenues: Revenues decreased by 5.0% in 2018 to reach QR701.9 million, compared to QR739.1 million in the previous year of 2017. This decrease was due to the drop in revenues of industrial activities, which amounted to about QR608.2 million, versus QR713.7 million in 2017, a drop of 14.8%. On the other hand, the company recorded revenues of QR67.0 million from marine and logistics services.

 

Ø  Assets: amounted to QR 4,738.4 million in 2018, an increase of 3.4% over the previous year of 2017. The company’s properties, plants and equipment represent about 47.3% of its total assets, while cash balances stand for 10.2%, and current assets represent about 26.0%.

 

Ø  Goodwill: This item represents 6.5% of the company's assets. It resulted from the company's acquisition of the Qatar Industrial Investors Company in 2009. The auditor's report indicates that there is a potential risk of impairment as goodwill is measured by several assumptions.

 

Ø  Shareholders' Equity: increased to QR 2,762.5 million in 2018, compared to QR 2,656.9 million in 2017, while the book value of the share amounted to QR22.22. The return on shareholders' equity stood at 7.45% in 2018, versus 9.52% in 2017.

 

Ø  Dividends: The Board of Directors recommended to the General Assembly the distribution of 7.50% (2.78% dividend yield) of the nominal value of capital as cash dividends for 2018, which is the same as the dividend distributed in 2017.

 

Ø  The stock is currently traded at a PE multiple of 16.25 times, and a book value multiple of 1.22 times