Doha – Mubasher: Qatari Investors Group’s profits rose in the first quarter of fiscal 2016 by 18.66% year-on-year, according to the company’s financial statements.
Net profit reached QAR 74.85 million ($20.57 million) in Q1-16, compared to QAR 63.08 million ($17.33 million) in Q1-15.
Earnings per share also increase to QAR 0.60 ($0.16) in the first three months this year from QAR 0.51 ($0.14) in the same period of 2015.
The company earlier reported a net profit of QAR 251.9 million ($69.18 million) in 2015, rising 11% from QAR 227.1 million ($62.37 million) in 2014.
The Qatar listed company’s stock rose 3% in today’s mid trading to QAR 55.48 ($15.24).
