Mubasher: Islamic Holding Group on Thursday reported a 10.2% year-on-year increase in its losses during the fourth quarter of 2017.
The brokerage services provider posted losses of QAR 50.67 million ($$14 million) in Q4-17, compared to QAR 46 million ($12.7 million) in the same period a year earlier, according to the group’s statement to the Qatar Stock Exchange (QSE).
During 2017, the Qatar-based company incurred losses of QAR 530,37 versus profits of QAR 4.11 million the previous year, the statement added.
In the first nine months of 2017, the firm’s profits inched up 0.06% to QAR 50.14 million from QAR 50.11 million the year before.
Earning loss per share amounted to QAR 0.09 in 2017 compared to earning profit per share of QAR 0.72 in 2016.
Moreover, the group’s board proposed not to distribute dividend this year, the statement revealed.
