PHOTO
16 August 2016
Companies listed on the Qatar Stock Exchange have made a total net profit of QR22bn in the first six months of this year with the banking sector alone contributing almost half of it.
However, their profitability took a hit in the January-June period as the real estate sector largely played the spoilsport; even as market sentiment regarding the realty sector were upbeat with its index outperforming the main 20-stock barometer.
Largely reflecting the realities in the net earnings, the Qatar Share Index, the headline benchmark of the bourse, fell more than 5% year-to-date ended June 30, 2016.
Cumulative net profit of the 43 listed companies fell 10.29% year-on-year against a growth of 12.23% during January-June 2015, according QSE data.
At present, the bourse has 44 listed entities with Vodafone Qatar alone following the January-December format, while others have the April-March financial year.
Net profit of the listed companies stood at QR21.76bn in the first six months of this year compared to QR24.26bn in the corresponding period of the previous year.
The real estate segment, which has four listed entities, had dismal performance with its net profit plunging 48.8% to QR2.52bn compared to a 229.47% growth (mainly due to onetime gains in Barwa) in the similar period of 2015.
The sector, which constituted 12% of the overall net profitability, however witnessed its index outperform the QSE benchmark as it registered a 6.7% increase year-to-date ended June 30, 2016.
The transport sector, which has three listed companies, recorded a 6.06% drop in cumulative net profit to QR1.15bn against a 19.21% surge in the previous-year period.
The sector, which contributed 5% to the overall net profitability, also outperformed the QSE main barometer as it gained 1.64% in January-June 2015.
The banks and financial services sector, which has 13 listed constituents, reported a 3.5% rise in cumulative net profit to QR10.69bn compared to a 8.23% growth in the year-ago period.
The sector, whose share was 49% in the overall net profitability, saw its index shrink 4.98% year-to-date ended June 30, 2015.
The insurance sector, which has five listed companies, reported a 7.96% decline in cumulative net profit to QR0.76bn in the first six months of this year compared to a 1.69% fall in the corresponding period of 2015.
The sector, which contributed about 3% to the overall net profitability, saw its index gain marginally 0.92% during January-June this year.
The consumer goods sector, which has eight listed entities, witnessed a 4.64% shrinkage in cumulative net profit to QR0.88bn in January-June 2015 against a marginal 0.52% fall a year ago period.
The sector, which contributed 4% to the overall net profitability, saw its index gain 6.79% year-to-date ended June 30, 2015.
The industrials sector, which has nine listed constituents, saw its cumulative net profit plummet 14.27% to QR4.39bn against a 15.99% decline in the previous-year period.
The sector, which contributed 20% to the overall net profitability of the listed companies in 2015, saw its index shrink 5.18% in January-June 2016.
However, the telecom sector bettered its position as the cumulative net profit shot up 45.84% to QR1.46bn in the first six months of this year compared to a 41.18% plunge in the corresponding period of 2015. The sector index had gained the maximum of 11.49% year-to-date June 30, 2015.
Companies listed on the Qatar Stock Exchange have made a total net profit of QR22bn in the first six months of this year with the banking sector alone contributing almost half of it.
However, their profitability took a hit in the January-June period as the real estate sector largely played the spoilsport; even as market sentiment regarding the realty sector were upbeat with its index outperforming the main 20-stock barometer.
Largely reflecting the realities in the net earnings, the Qatar Share Index, the headline benchmark of the bourse, fell more than 5% year-to-date ended June 30, 2016.
Cumulative net profit of the 43 listed companies fell 10.29% year-on-year against a growth of 12.23% during January-June 2015, according QSE data.
At present, the bourse has 44 listed entities with Vodafone Qatar alone following the January-December format, while others have the April-March financial year.
Net profit of the listed companies stood at QR21.76bn in the first six months of this year compared to QR24.26bn in the corresponding period of the previous year.
The real estate segment, which has four listed entities, had dismal performance with its net profit plunging 48.8% to QR2.52bn compared to a 229.47% growth (mainly due to onetime gains in Barwa) in the similar period of 2015.
The sector, which constituted 12% of the overall net profitability, however witnessed its index outperform the QSE benchmark as it registered a 6.7% increase year-to-date ended June 30, 2016.
The transport sector, which has three listed companies, recorded a 6.06% drop in cumulative net profit to QR1.15bn against a 19.21% surge in the previous-year period.
The sector, which contributed 5% to the overall net profitability, also outperformed the QSE main barometer as it gained 1.64% in January-June 2015.
The banks and financial services sector, which has 13 listed constituents, reported a 3.5% rise in cumulative net profit to QR10.69bn compared to a 8.23% growth in the year-ago period.
The sector, whose share was 49% in the overall net profitability, saw its index shrink 4.98% year-to-date ended June 30, 2015.
The insurance sector, which has five listed companies, reported a 7.96% decline in cumulative net profit to QR0.76bn in the first six months of this year compared to a 1.69% fall in the corresponding period of 2015.
The sector, which contributed about 3% to the overall net profitability, saw its index gain marginally 0.92% during January-June this year.
The consumer goods sector, which has eight listed entities, witnessed a 4.64% shrinkage in cumulative net profit to QR0.88bn in January-June 2015 against a marginal 0.52% fall a year ago period.
The sector, which contributed 4% to the overall net profitability, saw its index gain 6.79% year-to-date ended June 30, 2015.
The industrials sector, which has nine listed constituents, saw its cumulative net profit plummet 14.27% to QR4.39bn against a 15.99% decline in the previous-year period.
The sector, which contributed 20% to the overall net profitability of the listed companies in 2015, saw its index shrink 5.18% in January-June 2016.
However, the telecom sector bettered its position as the cumulative net profit shot up 45.84% to QR1.46bn in the first six months of this year compared to a 41.18% plunge in the corresponding period of 2015. The sector index had gained the maximum of 11.49% year-to-date June 30, 2015.
© Gulf Times 2016
