Doha: Salam International Investment Limited (SIIL) has announced the semi-annual financial statements for the period ending June 30, 2011, showing a net profit of QR81.3m compared to QR70.9m for the corresponding period of 2010. The company has attributed QR81.2m to equity holders of the parent company.
This shows an overall increase of 14.7 percent compared to the profit achieved against the corresponding period of last year. Earning per share (EPS) for the first half (H1) of 2011 increased from QR0.69 to QR0.78. The financials of SIIL were announced at the Board of Directors Meeting by issuing a press statement here yesterday.
The Board also approved in principle the recommendations of the investment committed to participate in incorporation and invest in Levant Investment bank (under incorporation), in partnership with selected businessmen and corporations from Lebanon and other countries.
The board members also ratified in principle the recommendations of the investment committee to participate in capital increase of Al Tajamouat for Tourism Project Company.
© The Peninsula 2011
