Doha – Mubasher: National Leasing Holding Company (Alijarah) on Thursday announced a slide of 66.4% in its profits for the first quarter of 2017, compared to the same quarter in 2016.
Profits amounted to QAR 712,430 ($195,500) in Q1-17, compared to QAR 2.12 million ($582,000) in Q1-16, according to the company’s statement to the Qatar Stock Exchange (QSE).
Earnings per share (EPS) reached QAR 0.01 in Q1-17, compared to QAR 0.04 in the corresponding period of the year earlier.
Alijarah achieved profits of QAR 5.17 million in 2016, against losses of QAR 88.15 million in 2015.
The stock closed Thursday in the red zone, losing 0.63% at QAR 17.22, after a total of 802,110 shares were traded, at a value of QAR 13.84 million.
