Qatari Investors Net Profit Drops 18% to
QR205.87 Million in 2018
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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).
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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.
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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%.
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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.
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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.
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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.
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The stock is currently traded at a PE multiple of 16.25 times,
and a book value multiple of 1.22 times
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