SIIL reports net of QR38.23mn

Salam International Investment (SIIL) has reported a net profit of QR38.23mn on operating revenue of QR975.46mn in the first half of this year. Having incurred an operating cost of QR706.51mn, its gross profit was QR268.95mn, according to the company’s financial statement. Investment income was QR19.14mn, other operating income was QR3.71mn, service and consultancy income was QR1.12mn and other income was QR27.92mn. It also earned QR1.68mn as share of profit from investment in associates. The company’s salaries and staff costs amounted to QR123.29mn, general and administrative costs were QR90.01mn and finance expenses were QR32.99mn. Total assets were valued at QR4.47bn comprising current assets of QR1.38bn and non-current assets of QR3.09bn. Total equity stood at QR1.80bn on a capital base of QR1.14bn and earnings-per-share was QR0.33 at the end June 30, 2012. from gulf times.