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Islamic Holding turns profitable in Q3

Islamic Holding turns profitable in Q3
Earnings per Share amounted to QAR 1.26 for nine-month period (Photo credit: Mubasher)
Inma Holding
IHGS
0.02% 4.33 0.00

Doha – Mubasher: Islamic Holding Group posted on Wednesday a net profit of QAR 252,000 ($69,140) for the third quarter of the fiscal year 2016, against a net loss of QAR 172,000 ($47,190) for Q3-15.

The company’s net profit for the first nine months of 2016 reached QAR 1.21 million, compared to QAR 5.87 million for the same period last year, according to a bourse filing.

Earnings per Share amounted to QAR 1.26 for nine-month period, against QAR 4.58 for the same period of the previous year.

The company earlier reported a net profit of QAR 954,080 in the first half of 2016, compared to QAR 6.04 million for H1-15.

The stock led today’s trading activity with a volume of 58,660 shares exchanged at QAR 3.51 million, falling by 0.5%.