Al Khaliji Reports Net Profit of QR 177 Million for Q1 2022

Al Khaliji Reports Net Profit of QR 177 Million for Q1 2022

Publication: qna.org.qa – English (English | Website)

Doha, April 23 (QNA) – Al Khalij Commercial Bank (al khaliji) released today its consolidated financial statements for the quarter ended 31 March 2020 with a Net Profit of QR 177 million in comparison to net profit of QAR 176.39 million for the same period of the previous year.The Earnings per Share (EPS) amounted to QAR 0.05 as of March 31, 2020 versus EPS QAR 0.05 of the same period in 2019..HE Chairman and Managing Director Sheikh Hamad bin Faisal bin Thani Al-Thani stated: “al khaliji’s results for the first quarter of 2020 embody the resilience of our business. We announce these results as we face the Covid-19 pandemic, one of the most important challenges of our lifetimes. Our Bank has taken the necessary steps to continue serving our customers with minimum disruption, in a safe and secure environment.”Commenting on the quarter’s performance, al khaliji’s Group Chief Executive Officer Fahad Al Khalifa said: “We ended the first quarter of 2020 expanding Balance Sheet and growing Operating Income. At the same time, we remain prudent and took necessary risk management steps, which included enhancing our provisions, and keeping close control over operating costs, enabling us to deliver a net profit of QR 177 million.”In the present economic environment, we continue to maintain focus, monitoring each of our business lines, and remain in close contact with our customer to ensure we take appropriate responses in time to protect the interests of all stakeholders”.Meanwhile, Dlala Brokerage and Investment Holding disclosed the interim financial statement for the three-month period ended March 31, 2020. The financial statements revealed a net profit QR 2.35 Million in comparison to net profit QR 1 million for the same period of the previous year.The Earnings per Share (EPS) amounted to QR 0.009 As of March 31, 2020 versus EPS QR 0.004 of the same period of the previous year.Vodafone Qatar disclosed its consolidated financial statements for the three-month period ended 31 March 2020. The consolidated financial statements revealed a net profit of QR 47.9 million compared to net profit amounting to QR 43.5 million for the same period of the previous year.The Earnings per share (EPS) amounted to QR 0.011 for the three-month period ended 31 March 2020 versus EPS amounted to QR 0.010 for the same period in 2019. (QNA)

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