(The Group’s Comments) Investment Holding Net Profit Rose to QR 15.68 Million in Q1 2019

April 29, 2019

Profit: Investment Holding Group logged profits of about QR 15.68 million by the end of the first quarter, compared to QR 14.44 million for the same period of last year, an increase of 8.6%, while its earnings per share amounted to QR 0.19 in this quarter, versus QR 0.17 for the corresponding period of 2018.

Revenues: dropped by 13.6% to QR 96.25 million in this quarter, compared to last year’s first quarter QR 111.34 million. As a result, the gross profit fell by 18% to QR 32.90 million in the current quarter, compared to QR 40.15 million for the same period of last year, while revenue to revenue cost ratio stood still at 66%, identical to the first quarter 2018.

Other Revenues: fell from QR 10.16 million in the first quarter of 2018 to QR 6.32 million for the current quarter, representing interest income and cash dividends.

Non-recurring Profits: During the current quarter, Investment Holding revalued real estate investments and generated a revaluation profit of QR 2.25 million. These profits are of a non-recurring nature.

Comprehensive Income: Investment Holding recorded a valuation profit for the first quarter of 2019 at QR 29.25 million, noting that the first quarter of 2018 did not include any valuations.