Mubasher: Qatar Oman Investment on Sunday posted a 51% year-on-year drop in profits for the first nine months of 2018.
Net profits amounted to QAR 5.17 million during the nine-month period ended September, from QAR 10.55 million in the same period of the prior year, according to a filing to the Qatar Stock Exchange (QSE).
Earnings per share (EPS) recorded QAR 0.16 by the end of September, compared to QAR 0.33 in the same period the year before.
The drop in profits was attributed to a 36.9% plunge in revenues to QAR 9.26 million in the first nine months of this year.
It is worth noting that Qatar Oman Investment’s profits decreased by 48.3% to QAR 5.44 million for the first half of 2018, compared with QAR 10.55 million in H1-17.
By the end of Sunday’s session, Qatar Oman Investment’s stock rose 0.68% at QAR 5.95.
