INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

QGIRCO reports Q1 profit drop

A front view of the office of Qatar General Insurance and Reinsurance Co. in Doha.
  • Its earning per share amounted to QR 0.051 as of March 31, 2023 as against QR 0.068 for the same period in 2022
  • The insurance company also reported a profit drop in the third quarter of 2022, compared to the same period in 2021

Doha, Qatar–Qatar General Insurance & Reinsurance Company’s net profit decreased 24.35% to $12.36 million in the three-month period ending March 31, 2023 in comparison to a net profit of $16.33 million for the same period of the previous year.

Its EPS amounted to QR 0.051 as of March 31, 2023 versus EPS QR 0.068 for the same period in 2022.

The company also reported a profit drop in the third quarter of 2022, compared to the same period in 2021.

Industries Qatar’s net profits declined 56.87% to QR 1.165 million in the three-month period ending March 31, 2023 in comparison to a net profit of QR 2.703 billion for the same period of the previous year.

According to a statement on Qatar Stock exchange website, Industries Qatar’s Earnings Per Share (EPS) amounted to QR 0.19 as of March 31, 2023 versus EPS QR 0.45 for the same period in 2022.

Qatar Aluminum Manufacturing Company’s net profits decreased 61.34% to QR 92.624 million in the three-month period ending March 31, 2023 in comparison to a net profit of QR 239.604 million for the same period of the previous year.

Its EPS amounted to QR 0.017 as of March 31, 2023 versus EPS QR 0.043 for the same period in 2022.

Gulf International Services Company’s net profits decreased 19.5% to QR 90.234 million in the three-month period ending March 31, 2023 in comparison to a net profit of QR 112.134 million for the same period of the previous year.

Its EPS amounted to QR 0.049 as of March 31, 2023 versus EPS QR 0.060 for the same period in 2022.

Mesaieed Petrochemical Holding Company’s net profits declined 39.34% to QR 268.624 million in the three-month period ending March 31, 2023 in comparison to a net profit of QR 442.907 million for the same period of the previous year.

According to a statement on Qatar Stock exchange website, its EPS amounted to QR 0.021 as of March 31, 2023 versus EPS QR 0.035 for the same period in 2022.

Zad Holding Company’s net profits declined 2.58% to QR 41.729 million in the three-month period ending March 31, 2023 in comparison to a net profit of QR 42.835 million for the same period of the previous year.

Its EPS amounted to QR 0.15 as of March 31, 2023 versus EPS QR 0.16 for the same period in 2022.

Qatari German Company for Medical Devices’ net profits declined 99.94% to QR 269,577 in the three-month period ending March 31, 2023 in comparison to a net profit of QR 524,636 for the same period of the previous year.

According to a statement on Qatar Stock exchange website, its EPS amounted to QR 0.0023 as of March 31, 2023 versus EPS QR 0.0045 for the same period in 2022.