The announcement, by Ithmaar Holding Chairman His
Royal Highness Prince Amr Al Faisal, follows the review and approval of the Boards
of Directors of the company’s consolidated financial results.
Ithmaar Holding reported net profit attributable to
equity holders for the three-month period ended 30 September 2019 of US$3.68
million, a 273.5 percent increase compared to the net loss of US$2.12 million
reported for the same period in 2018 mainly due to growth in core income. Net
profit for the three-month period ended 30 September 2019 was US$5.86 million,
compared to the net profit of US$0.51 million reported for the same period in
2018. EPS for the three-month period ended 30 September 2019 increased to US
Cents 0.13 compared to negative US Cents 0.07 for the same period in 2018.
Total income for the three-month period ended 30 September 2019 was US$135.63
million, a 23.2 percent increase compared to the total income of US$110.1
million reported for the same period in 2018. Operating income for the
three-month period ended 30 September 2019 was US$74.04 million, a 17.9 percent
increase compared to the US$62.79 million reported for the same period in 2018.
The net profit attributable to equity holders for the
nine-month period ended 30 September 2019 was US$12.04 million, a 341.2 percent
increase compared to the net profit of US$2.73 million reported for the same
period in 2018. The net profit was US$18.89 million for the nine-month period
ended 30 September 2019, a 66.6 percent increase compared to the net profit of
US$11.34 million reported for the same period in 2018. Earnings per share (EPS) for the nine-month
period ended 30 September 2019 increased to US Cents 0.41 compared to US Cents
0.09 for the same period in 2018. Total income for the nine-month period ended
30 September 2019 was US$382.29 million, a 12.6 percent increase compared to US339.45
million reported for the same period in 2018.
Operating income for the nine-month period ended 30 September 2019 was
US$218.02 million, a 3.1 percent increase compared to US$211.47 million reported
for the same period in 2018.
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