By IINA,
Doha : Islamic Financial Securities Company of Qatar (IFSC) reported a record first quarter net profits of QR5.38 million compared to a net loss of QR 890,000 for the same period in 2007 reflecting a quantum increase of 704 percent. Abdul Basit Al Sheibi , the Managing Director of IFSC announced the results. Gross income has risen to QR7.7 million while it stood at QR1.7 million as of March 31, 2007 showing a 352 percent growth . Earnings per share reached 26.9 as compared to a negative EPS last year.
Al Sheibi noted that the results reflected that the company is positively interacting with the current state of growth of the national economy. He further reiterated that the “results accomplished are a result of the confidence the company enjoys from its clients which has and shall always be the driving force of the board of Directors and management to further improve its standing to be one of the leading brokerage houses operating in the DSM