Mubasher: Qatari Investors Group (QIGD) posted a 3.7% year-on-year profit drop for the third quarter of 2018.
Net profits amounted to QAR 39.54 million in Q3-18, compared to QAR 41.04 million in Q3-17, according to a filing to the Qatar Stock Exchange (QSE) late Sunday.
Earnings per share (EPS) reached QAR 1.41 for the three-month period ended September, from QAR 1.55 in the same period of the previous year.
During the first nine months of 2018, QIGD’s profits declined 9.3% to QAR 175.32 million, from QAR 193.25 million for the same period of the prior year.
The company’s profits decreased due to the drop in revenues by 23.5% to QAR 51.53.
By 09:49 am Qatar time, QIGD’s stock plunged 0.64% at QAR 29.61.
