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أخبار الأولى
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Net Profit Reaches QR 25 Million in Q1
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Total Assets Amount to QR 2.7 Billion and Owners’ Equity Makes Q.R.1.111Billion
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*al-Sulaiti: “We (1) have made good returns (2) take steady steps towards fulfilling
our potentials (3) cooperate with clientele brotherly, and (4) have secured better
profitability rate .”
* ‘Abdul -‘Aal: “Additional allowances for unexpected losses.”
*Taha: “Commitment to Qatar Central Bank directives has secured the Company’s entity
and financial position.”
Dr. Khalid Ibrahim al-Sulati, the Executive President of the F.F.C., has assured
that: “The Company has achieved good financial results. Net profits reached Q.R.
25 Million in the first quarter of the year 2009 against Q.R.24 Million in the corresponding
period of 2008 despite of bad economic situation and global financial crisis”. |
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During the conference |
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“The share return amounted to Q.R. 0.50 compared with Q.R 0.46 in the previous year.
Total assets increased from QR 1.8 Billion in Q1 2008 to QR 2.7 Billion in Q1 2009
. Liabilities increased to Q.R. 415 Million. Equities increased to Q.R. 957 Million
against Q.R 522 Million in the same period of the previous year. Having increased
the capital and distributing bonus shares, the equities reached Q.R.1.111 Billion”
He added.
Furthermore, Mr. al-Sulati assured that: “The Company’s share demonstrates the soundness
and authenticity of our plans and ploiceis whereas most world finance companies
have faced hard situations. We, by Allah’s Favor, have achieved good returns due
to faithful cooperation between the management and different departments of the
Company via increasing the rate of collection, not to mention the real cooperation
with customers. The Company also has granted a respite to customers who have faced
financial difficulties because they have demonstrated good cooperation in their
previous financial dealings.”
“The Company has achieved good financial results via its cooperative Board of Directors
and regular meetings during which all financial issues are precisely discussed.”
He explained.
On his part, Mr. Tawfiq Nabil ‘Abdul-‘Aal, the chief Financial Manager, said : “
Profitability of the share is calculated by dividing net returns by the number of
shares. The capital increased from QR 31 Million in 2008 to QR 51 in 2009, i.e.
the net profit will be distributed to more shareholders. The net profits reached
Q.R. 25 Million in the first quarter of the year 2009. We have taken into our consideration
that the Company has appropriated QR 5 Million for those customers who might face
some financial difficulties whereas some QR 2.4 Millions were appropriated for ‘doubtful
debts’. This shows our transparent policies and precautions in case of unexpected
decrease in our investment.”
In the same context, Mr. ‘Aamer Taha Shukri, the Vice-Manager of the Financial Affairs,
said: “Although the global financial crisis, we have collected good amounts of money
and customers are used to settle their debts before the predefined time. For sure,
our debts are completely guaranteed though we friendly negotiate with our customers
when they face hard financial difficulties. We are committed to comply with the
directives and bylaws of Qatar Central Bank. This, in turn, has kept the Company
in the safe side and strengthened its financial position. The Central Bank aims
mainly at keeping and supporting the financial position of all financial institutions
so as to keep the State economy safe.”
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التقرير السنوي |
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مؤشر الطقس: الدوحة، قطر
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14 °C |
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AED |
0.99 |
QR |
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BHD |
9.68 |
QR |
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EUR |
4.79 |
QR |
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KWD |
13.08 |
QR |
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GPB |
5.76 |
QR |
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SAR |
0.97 |
QR |
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USD |
3.64 |
QR |
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