Estithmar Holding’s Profits Increase by More Than 10 Percent in 2024 First Half

The net profits of Estithmar Holding Company (a Qatari public shareholding company) increased by 10.73 percent in the first half of this year, reaching QR 221.053 million , compared to QR 199.623 million for the same period last year. The company's financial statements, posted on the Qatar Stock Exchange website on Tuesday, showed an increase in earnings per share, reaching QR 0.065 in the first half of the year, compared to earnings per share of 0.059 riyals for the same period of the previous year. On the other hand, the net profits of Qatar Aluminum Manufacturing Company (QAMCO) decreased by 1.22 percent, reaching QR 237 million in the first half of this year, compared to QR 240 million in the same period last year. Earnings per share amounted to 0.042 riyals in the first half of this year, compared to earnings per share of QR 0.043 for the same period of the previous year. The Board of Directors proposed distributing interim cash dividends of QR 0.03 per share, representing 3 percent of the nominal va lue of the share, to the company's shareholders as of the end of the trading session on Wednesday, August 14, with the "Edaa" company distributing interim dividends in accordance with the applicable rules and regulations. In the same context, the net profits of the Qatari Investors Group (a Qatari public shareholding company) decreased by 30.44 percent, to reach QR 70.673 million in the first half of this year, compared to a net profit of QR 101.606 for the same period last year. The company's semi-annual financial statements showed a decrease in earnings per share, to reach QR 0.06 in the first half of this year, compared to earnings per share of QR 0.08 for the same period last year. Source: Qatar News Agency