Mubasher: Islamic Holding Group (IHG) on Thursday posted a 44.8% year-on-year drop in its profit for the second quarter of 2018.
Net profits amounted to QAR 298,400 in Q2-18, compared to QAR 540,200 in Q2-17, according to the company’s statement to the Qatar Stock Exchange (QSE).
For the first half of 2018, IHG turned to losses, incurring QAR 61,400 against a profit of QAR 769,800 in H1-17.
Losses per share (LPS) amounted to QAR 0.01 for the six-month period ended 30 June, from QAR 0.14 in the same period of the prior year.
It is worth noting that IHG’s profits retreated 81.9% to QAR 237,000 in Q1-18, versus QAR 1.31 million in Q1-17.
By the end of Thursday’s session, IHG’s stock went down 0.60% at QAR 28.03.
