Doha, Qatar— Inma Holding posted a 53.8 percent decline in net profit in the first half of 2023 to $0.92 million compared to $2 million during the same period in 2022.
The company’s financial statements, published on the Qatar Stock Exchange (QSE) website on Monday, showed a decline in earnings per share(EPS) to reach QR 0.059 as of 30th June 2023 versus Earnings per share (EPS) QR 0.128 for the same period in 2023.
At the beginning of this year, the company posted a 61.7% jump in net profit in 2022, reaching $2.69 million in comparison to a net profit of $1.67 million for the same period of the previous year.
The earnings per share (EPS) amounted to QR 0.173 as of December 31, 2022 versus EPS of QR 0.107 for the same period in 2021, the company said in a release published then on Qatar Stock Exchange website.
The board of directors had recommended to distribute cash dividends 5% of the capital to shareholders, equivalent to 5 dirhams per share.
Inma Holding was established in March 2003, with a capital of QR 56.64 million.
