(The Group’s Comments) QAMCO Reported a Net Profit of QR 13.3 Million for the Four Months Ended 31/3/2019

April 28, 2019

Profits: Qatar Aluminum Manufacturing Company’s profits for the first four months of 2019 amounted to about QR 13.3 million, while its earnings per share reached QR 0.02. In the four months ended March, the company recorded QR 15.89 million of net investment results in a joint venture (QARALOM), QR 455,000 other income, QR 851,000 interest income, and QR 3.85 million administrative and general expenses. Noting that the company adjusted its fiscal year to end by the end of the year.

Dividends: The Board of Directors recommended the distribution of 2% of the nominal value of the share, i.e. QR 20 per share, with a total value of QR 111.6 million as dividends for the six months ended 2018.

Comprehensive Income: QAMCO has made an assessment profit on its financial assets (cash flow hedge) of QR 5.74 million.