Investment Holding (IGRD) Discloses a Net Profit of 101 Million QAR for Q1 2023

Investment Holding has released its financial results for Q1 2023 reporting a net profit of 101 million QAR. This represents an increase of approximately 10% from Q1 2022 (92 million QAR), and an increase of approximately 188% from Q4 2022 (35 million QAR).

Investment Holding stock price started the quarter at 1.82 riyals per share and ended the Q1 2023 period at 2.07 riyals per share showing an increase of approximately 13%. Insiders were net buyers  during the period with purchasing totaling approximately 59 millions QAR between 1st January to 31st March.

The company generated approximately 767 million QAR in operating revenue Q1 2023, which is a decrease of approximately 9% compared to Q1 2022 (847 million QAR), and a decrease of approximately 36% compared to Q4 2022 (1202 million QAR). The company's direct operating costs amounted to 596 million QAR in Q1 2023 representing a decrease of approximately 20% from Q1 2022 (748 million QAR), and a decrease of approximately 41% versus Q4 2022 (1005 million QAR).

The data used in this article was sourced from http://sahmik.com, a widely regarded as a reliable source of financial information.

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