January 9, 2018 webincorp

Aamal Company Q.P.S.C. (‘Aamal’)

Financial Results for the nine months ended 30 September 2019.

Aamal reports net profit of QAR 259.6m and Earnings Per Share of QAR 0.04 

FINANCIAL HIGHLIGHTS

  • Group revenue down 0.8% to QAR 945.3m (Q3 2018: QAR 953.1m),
  • Gross profit down 5.0% to QAR 337.1m (Q3 2018: QAR 354.9m)
  • Net underlying profit margin decreased by 5.4 percentage points to 22.5% (Q3 2018: 27.9%)
  • Net profit before share in results of associates and joint ventures, accounted for using the equity method (“net underlying profit”), down 20% to QAR 212.3m (Q3 2018: QAR 265.5m)
  • Share in results of associates and joint ventures accounted for using the equity method decreased 35% to QAR 47.3m (Q3 2018: QAR 72.8m)
  • Total Company net profit down 23.2% to QAR 259.6m (Q3 2018: QAR 338.3m)
  • Reported earnings per share down 20% at QAR 0.04 (Q3 2018: QAR 0.05)
  • Net investment in capital expenditure decreased by QAR 226.1m to QAR 32.3m (Q3 2018 QAR 258.4m), owing to a number of property acquisitions made by Aamal Real Estate in the prior year period.

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