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8 Qatari-listed firms to post financials this week

8 Qatari-listed firms to post financials this week
Photo Credit: Arabianeye-Reuters
International Islamic
QIIK
-1.35% 10.93 -0.15
United Development
UDCD
-0.26% 1.13 -0.00
Qatar Oman
QOIS
-1.39% 0.85 -0.01

Islamic Insurance
QISI
0.24% 8.07 0.02


A total of eight companies are scheduled to tackle and announce their financials this week. 



Qatar International Islamic Bank reported an increase in profit by 10.5% by the end of the fiscal year 2013 to QAR 750 million. As for the fiscal year 2014, the analysts expect a rise in the Bank’s profit by 10.6% to reach QAR 830 million.


Qatar Industrial Manufacturing Co (QIMC), Qatar Oman Investment Co and Medicare Group will announce their financials on Sunday.


Worth noting, QIMC’s profit declined 2.9% to QAR 202.1 million by the end of fiscal year 2013. Meanwhile, Qatar Oman’s profit rose 5.3% to QAR 19.8 million and Medicare Group’s profit soared by 100% to QAR 89.4 million during the same period.


Commercial Bank of Qatar is expected to announce its financials on Monday, February 9. It had announced a profit decline by 20% to QAR 1.6 billion by the end of 2013. However, EFG Hermes expects the Bank’s profit to grow by 43% by the end of fiscal year 2014.


Qatar Islamic Insurance Co and Qatar National Cement Co will post their financials on Wednesday, February 11. In addition, United Development Co is anticipated to unveil its financial statements on Thursday, February 12.