Doha – Mubasher: National Leasing Holding Company (Alijarah) posted on Thursday a net profit of QAR 2.12 million ($582,000) in the first quarter of fiscal 2016, 63% down from QAR 5.72 million ($1.57 million) in Q1-15.

Earnings per share reached QAR 0.04 by the end of March 2016, versus QAR 0.12 in the same period of 2015, according to a bourse filing.

Alijarah earlier reported a net profit of QAR 88.1 million in 2015, against QAR 69.3 million in 2014.

The stock closed Thursday’s trading with a 2.91% rise through exchanging 590,700 shares at QAR 10.3 million.