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Investment Holding profit grows 20% in Q1-18

Investment Holding profit grows 20% in Q1-18
Net profits amounted to QAR 14.44 million in Q1-18
Estithmar Holding
IGRD
-0.52% 1.91 -0.01

Mubasher: Investment Holding Group (IHG) reported a 19.5% year-on-year hike in its profits for the first quarter of 2018.

Net profits amounted to QAR 14.44 million in Q1-18, compared to QAR 12.08 million in Q1-17, according to the company’s filing to the Qatar Stock Exchange (QSE).

Earnings per share (EPS) rose to QAR 0.17 for the three-month period ended 31 March 2018, versus QAR 0.15 a share for the same period of the previous year.

For the full-year 2017, Investment Holding’s profits declined 10.9% to QAR 40.71 million, compared to QAR 45.73 million in 2016.