{"id":111845,"date":"2023-08-07T08:20:39","date_gmt":"2023-08-07T06:20:39","guid":{"rendered":"https:\/\/investmentbell.com\/?p=111845"},"modified":"2023-08-21T16:34:43","modified_gmt":"2023-08-21T14:34:43","slug":"baladnas-qatari-profits-rise-2-in-the-second-quarter-and-fall-11-in-the-first-half-due-to-funding-pressure","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/hy\/news\/stocks\/baladnas-qatari-profits-rise-2%25-in-the-second-quarter-and-fall-11%25-in-the-first-half-due-to-funding-pressure\/","title":{"rendered":"Baladna&#8217;s Qatari profits rise 2% in the second quarter and fall 11% in the first half, due to funding pressure"},"content":{"rendered":"<p>The net profit of Baladna, a Qatari food company, increased in the second quarter of 2023 by 1.8% on an annual basis, to about 22.1 million riyals.<\/p>\n\n\n\n<p>The increase in profits was supported by an increase in operating revenues by 7.2%, and recording a profit from investment at fair value of 1.7 million riyals, compared to a loss of 5.4 million riyals in the corresponding quarter of last year.<\/p>\n\n\n\n<p>The company&#8217;s profits declined at the end of the first half of this year by 11.6% to 42.2 million riyals, as a result of the increase in general and administrative expenses by 12.9% to 48.2 million riyals, the increase in financing costs by 98% to 44.2 million riyals, and the decline in dividend income by 80%. to about 2.3 million riyals.<\/p>\n\n\n\n<p>tags<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost111845\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost111845').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>The net profit of Baladna, a Qatari food company, increased in the second quarter of 2023 by 1.8% on an annual basis, to about 22.1 million riyals. The increase in profits was supported by an increase in operating revenues by 7.2%, and recording a profit from investment at fair value of 1.7 million riyals, compared [&hellip;]<\/p>","protected":false},"author":13,"featured_media":111846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-111845","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/posts\/111845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/comments?post=111845"}],"version-history":[{"count":1,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/posts\/111845\/revisions"}],"predecessor-version":[{"id":144275,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/posts\/111845\/revisions\/144275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/media\/111846"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/media?parent=111845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/categories?post=111845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/hy\/wp-json\/wp\/v2\/tags?post=111845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}