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Investment Holding logged QAR 8.9m profit in Q2

Investment Holding logged QAR 8.9m profit in Q2
IHG logged QAR 8.89 million in net profits for the three-month period ended June
Estithmar Holding
IGRD
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Mubasher: Investment Holding Group (IHG) reported a slight increase of 0.34% in its profits for the second quarter of 2018.

The company logged QAR 8.89 million ($2.46 million) in net profits for the three-month period ended June, versus QAR 8.92 million ($2.47 million) in Q2-17, according to the Qatar Stock Exchange (QSE).

In the first half of 2018, net profit stood at QAR 23.33 million, up 11.1% from QAR 21 million in the same period a year earlier.

Earnings per share amounted to QAR 0.28 at the end of June, versus QAR 0.25 in H1-17.

IHG previously posted a 19.5% year-on-year hike in its profits for Q1-18, recording QAR 14.44 million from QAR 12.08 million.

In 2017, the QSE-listed firm’s profits declined 10.9% to QAR 40.71 million, compared to QAR 45.73 million in 2016.