Qatar: QINVEST global assets stand at USD1.22bn
(MENAFN) Qatar's QINVEST has revealed an USD101.3 million in revenues from all business lines to have been recorded in 2017.
The amount reached in revenues has pushed for an USD48.7 million operating profit to be recorded, with USD18.1 million reported in net profit, leading international assets to settle at USD1.22 billion.
"In 2017, we were able to capitalise on relatively more favourable global market conditions. We remain prudent in our management of risk and have built up a strong liquidity position and an underleveraged balance sheet that has enabled us to invest in key global markets on an opportunistic basis," QINVEST's Chairman Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani stated.
He continued "looking ahead, we remain committed to our business strategy, which is based around making strategic investments that prioritise diversification and risk-adjusted returns and delivering value to clients and shareholders at a time when they are counting on us the most."
The amount reached in revenues has pushed for an USD48.7 million operating profit to be recorded, with USD18.1 million reported in net profit, leading international assets to settle at USD1.22 billion.
"In 2017, we were able to capitalise on relatively more favourable global market conditions. We remain prudent in our management of risk and have built up a strong liquidity position and an underleveraged balance sheet that has enabled us to invest in key global markets on an opportunistic basis," QINVEST's Chairman Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani stated.
He continued "looking ahead, we remain committed to our business strategy, which is based around making strategic investments that prioritise diversification and risk-adjusted returns and delivering value to clients and shareholders at a time when they are counting on us the most."
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