Mubasher: Islamic Holding Group (IHGS) on Monday posted an 81.9% year-on-year decline in its profits for the first quarter of 2018.

Profits amounted to QAR 237,000 in Q1-18, compared to QAR 1.31 million in the same quarter a year earlier, according to the group’s filing to the Qatar Stock Exchange (QSE).

Earnings per share (EPS) declined to QAR 0.04 for the three-month period ended 31 March 2018, versus QAR 0.23 for the same period of the previous year.

While assets retreated 31.6% to QAR 2.3 million during Q1-18 from QAR 3.4 million for the same quarter the year before, according to the statement.

For the full-year, IHGS’s losses reached QAR 530,370, against a profit of QAR 4.11 million in 2016.