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Al Meera Q2 profits slip 19%

Al Meera Q2 profits slip 19%
In the first half of 2018, net profit fell 9% to QAR 93.27
Al Meera
MERS
0.45% 19.98 0.09

Mubasher: Al Meera Consumer Goods posted a 19.3% year-on-year decline in its profits for the second quarter of 2018, recording QAR 49.93 million ($13.9 million) from QAR 61.84 million (17.2 million).

In the first half of 2018, net profit fell 9% to QAR 93.27 million, versus QAR 102.36 million in the same period a year earlier, according to a filing to the Qatar Stock Exchange (QSE).

Earnings per share (EPS) amounted to QAR 4.66 for the six-month period ended June, compared to QAR 5.12 in H1-17.

Al Meera previously reported a 7% year-on-year rise in its profits for Q1-18, logging QAR 43.3 million in profits, versus to QAR 40.51 million.