By: Waleed Abdul Salam
Doha – Mubasher: The financial results of the financial services companies listed on the Qatar Stock Exchange (QSE) came positive in the third quarter of fiscal 2016 and the first nine months of the year.
Total profits of the financial sector amounted to QAR 2.642 million for Q3-16, against losses of QAR 21.85 million for Q3-15.
Islamic Holding Group turned into profitability in Q3-16 with a net profit of QAR 252,000, compared to a net loss of QAR 172,000 for Q3-15.
Dlala Brokerage and Investment Holding Company also posted a net profit of QAR 1.45 million for Q3-16, compared to a net loss of QAR 7 million for Q3-15.
National Leasing Holding profits for Q3-16 reached QAR 1.13 million, versus net losses of QAR 14.68 million for Q3-15.
Qatar Oman Investment Company, however, suffered a net loss of QAR 191,000 in Q3-16, against a net profit of QAR 24,000 for Q3-15.
In the first nine months of 2016, net profits reached QAR 21.65 million, versus a net loss of QAR 41 million for Q3-15.
Qatar Oman Investment recorded the highest gains in the nine-month period with a net profit of QAR 12.69 million, 35.17% down from QAR 19.57 million for the same period of 2015.
Translated by: Elwy el-Manzalawy
