Salam reports 29.24% rise in first quarter net profit

Doha [Qatar], April 29: Salam International Investment Limited posted a strong performance in the first quarter of the year, recording a 29.24 percent year-on-year increase in net profit, according to data released on the Qatar Stock Exchange website.
The company's net profit rose to QR 26.152 million for the three-month period ending March 31, compared with QR 20.235 million in the same period last year, reflecting solid operational growth across its business segments.
Earnings per share also showed improvement, increasing to QR 0.023 in Q1, up from QR 0.018 in the corresponding period of the previous year, highlighting enhanced value creation for shareholders.
The results underscore a positive start to the year for Salam International, supported by improved financial performance and steady growth momentum.
Source: Qatar Tribune