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23/10/2014 05:49 AST
Higher cost of revenue and general and administrative expenses led Qatari Investors Group to report a 4% decline in net profit to QR173.86mn in the first nine months of this year.
Revenue rose 7% to QR429.69mn but, cost of revenue grew much faster at 19% to QR203.92mn, resulting in an about 1% fall in gross profit to QR225.77mn, according to its financial statement filed with the Qatar Stock Exchange.
Income from short-term deposits and savings grew almost 11-fold to QR0.95mn; rental income surged 92% to QR3.4mn and other income more than quadrupled to QR17.16mn.
However, income from equity-accounted investment fell 31% to QR13.23mn and investment income by 42% to QR0.39mn.
Net finance cost was up 6% to QR29.05mn and general and administrative expenses by 28% to QR56.05mn.
Total assets were valued at QR3.78bn, comprising current assets of QR0.84bn and non-current assets of QR2.94bn.
Total equity stood at QR2.22bn on a cap
Gulf Times
05/02/2015
Qatari Investors Group discloses the financial statements for the year ended December 31, 2014. The financials revealed a net profit of QR 227.1 Million in 2014 versus QR 220.6 Million in 2013 and th
Qatar Exchange
23/07/2014
Qatari Investors Group discloses the semi-annual financial statements for the period ending June30, 2014. The reviewed financial statements for the period ending June 30, 2014revealed a net profit of
Qatar Exchange
10/04/2014
Qatari Investors Group disclosed the interim financial statement for the three month period ended March 31, 2014. The financial statements revealed a net profit of QR 58.6 Million in comparison to Q
Press Release
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 11.10 | 0.06 (0.54 |
| IQCD | 12.89 | 0.22 (1.73 |
| ADNOCLS | 4.68 | -0.12 (-2.50 |
| ADPORTS | 4.15 | -0.07 (-1.66 |
| NMDC | 23.62 | -0.18 (-0.76 |
04/04/2025
Oman's Nama Power & Water Procurement Company has announced that it has received bids from 12 major utility project developers for two of its key projects - Misfah IPP within Muscat Governorate and D
Trade Arabia
04/04/2025
Dana Gas, the Middle East's leading publicly listed regional natural gas company, and its partner Crescent Petroleum, the oldest private oil and gas company in the Middle East, together with their pa
Khaleej Times
04/04/2025
Abu Dhabi National Energy Company PJSC (Taqa), one of the largest listed integrated utility companies in Europe, the Middle East and Africa, together with Emirates Water and Electricity Company (EWEC
Khaleej Times
03/04/2025
Oman Cables Industry (OCI), a leading cable solutions provider in the sultanate, has announced that it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO2
Trade Arabia
03/04/2025
Agility, a supply chain services, infrastructure and innovation company based in Kuwait, has delivered solid results for FY 2024 with KD1.53 billion ($5 billion) in revenue as its operating entities
Trade Arabia
Financial Information Co.
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