Mubasher: Islamic Holding Group (IHGS) on Monday reported a 41.2% year-on-year drop in losses for the third quarter of 2018.

Net losses amounted to QAR 337,000 in Q3-18, against a profit of QAR 573,000 in Q3-17, according to the company’s statement to the Qatar Stock Exchange (QSE).

Losses per share (LPS) reached QAR 0.07 in the three-month period ended September, from earnings per share (EPS) of QAR 0.03 in the same period of the prior year.

During the first nine months of 2018, IHGS’s losses amounted to QAR 398,000, against a profit of QAR 197,000 in the same period a year earlier.

By the end of Monday’s session, IHGS’s stock rose 2.65% at QAR 25.15.