Mubasher: Al Meera Consumer Goods posted an 18.2% year-on-year profit drop for the third quarter of 2018.

Net profits amounted to QAR 28 million in Q3-18, compared to QAR 34.3 million in Q3-17, according to the company’s statement to the Qatar Stock Exchange (QSE) late Sunday.

For the first nine months of 2018, Al Meera’s profits declined to QAR 121.3 million, versus 136.7 million in the same period the year before.

Earnings per Share (EPS) registered QAR 6.07 for the nine-month period ended September, from QAR 6.84 for the same period of the previous year.

Net profit fell 9% to QAR 93.27 million during the first half of 2018, versus QAR 102.36 million in the same period a year earlier.

By 10:38 am Qatar time, Al Meera’s stock plunged 4.03% at QAR 148.60