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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 |
|---|---|---|
| ACC | 24.60 | 156,722 |
| QIGD | 1.46 | 715,511 |
| GULFNAV | 6.16 | 4,898,154 |
| UNIKAI | 7.47 | 0 |
| SVCP | 41.20 | 31,066 |
| JOUFCEMENT | 10.38 | 213,145 |
| DALLAHHEALTH | 160.40 | 59,789 |
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 12.04 | 0.10 (0.83 |
| IQCD | 13.30 | 0.09 (0.68 |
| ADNOCLS | 5.40 | 0.01 (0.18 |
| MPHC | 1.63 | 0.00 (-0.13 |
| QEWS | 15.80 | -0.06 (-0.38 |
13/01/2025
Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
The National
12/01/2025
Ooredoo announced on Sunday the appointment of Sheikh Nasser bin Hamad al-Thani as the new chairman of Ooredoo Kuwait.
Most recently, Sheikh Nasser was appointed as Group Regional CEO for th
11/01/2025
One of the fastest-growing logistics businesses in Mena region, GWC has marked "20 years of excellence and innovation", achieved significant milestones and won prestigious awards, solidifying its pos
Gulf Times
11/01/2025
Almarai, the world's largest vertically integrated dairy company and the world's fourth most valuable dairy brand in 2024, has successfully implemented RISE with SAP on Google Cloud. This milestone m
Saudi Gazette
05/01/2025
Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company's ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a pro
Financial Information Co.