(MENAFN- Gulf Times) Lower incomes and higher expenses led Dlala Brokerage and Investments Holding Company to report a 62% plunge in year-on-year in net profit to QR6.43mn in January-March this year.
Net brokerage and commission income plunged 21% to QR11.03mn, investment income by 66% to QR2.85mn and interest income by 11% to QR0.33mn. Thus, net operating income fell 42% decline to QR14.21mn.
General and administrative expenses shot up 9% to QR7.27mn, according to its financial statement.
Total assets were worth QR1.04bn, consisting current assets of QR1bn and non-current assets of QR0.04bn.
Total equity stood at QR293.46mn on a capital base of QR222mn and earnings-per-share was QR0.29 at the end of first quarter ended March 31, 2015.
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