{"id":25430,"date":"2026-11-03T11:00:00","date_gmt":"2026-11-03T10:00:00","guid":{"rendered":"https:\/\/vasro.de\/?p=25430"},"modified":"2026-11-02T22:44:55","modified_gmt":"2026-11-02T21:44:55","slug":"baladna-q-p-s-c-profit-before-portfolio-gains-up-20-in-nine-months","status":"publish","type":"post","link":"https:\/\/vasro.de\/en\/baladna-q-p-s-c-profit-before-portfolio-gains-up-20-in-nine-months\/","title":{"rendered":"Baladna Q.P.S.C.: Profit Before Portfolio Gains Up 20% in Nine Months"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">VASRO has published an update report on Baladna Q.P.S.C. (QSE: BLDN) following its results for the nine months to September, reported on 27 October 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Net profit before portfolio gains rose 20.3% to QAR 149.3m, as sales grew 3.9% to QAR 977.8m and gross profit 17.9% to QAR 281.0m. The third-quarter gross margin was 27.2%, up from 24.0% a year earlier.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reported third-quarter net profit was QAR 21.8m, after a non-cash portfolio loss of QAR 20.1m amid volatility in global equity markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Algeria, 59 wells are complete and 32 irrigation pivots are running, and the first cows are expected from November.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On VASRO&#8217;s count, the dairy business in Qatar and the portfolio alone are worth QAR 3,447.3m, more than the company&#8217;s market value of QAR 3,296.4m.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">VASRO reiterates its BUY recommendation with a target price of QAR 2.14, down from QAR 2.27.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The full report is available here:<br><a href=\"https:\/\/vasro.de\/wp-content\/uploads\/2026\/11\/VASRO-GmbH_Update-Equity-Report_Baladna_EN_03112026.pdf\">https:\/\/vasro.de\/wp-content\/uploads\/2026\/11\/VASRO-GmbH_Update-Equity-Report_Baladna_EN_03112026.pdf<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ask this report with your own AI: vasro.de\/ask\/baladna-1103<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>VASRO has published an update report on Baladna Q.P.S.C. (QSE: BLDN) following its results for the nine months to September, reported on 27 October 2026. Net profit before portfolio gains rose 20.3% to QAR 149.3m, as sales grew 3.9% to QAR 977.8m and gross profit 17.9% to QAR 281.0m. The third-quarter gross margin was 27.2%, [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1827],"tags":[],"class_list":["post-25430","post","type-post","status-publish","format-standard","hentry","category-equity-research-coverage"],"_links":{"self":[{"href":"https:\/\/vasro.de\/en\/wp-json\/wp\/v2\/posts\/25430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vasro.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vasro.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vasro.de\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/vasro.de\/en\/wp-json\/wp\/v2\/comments?post=25430"}],"version-history":[{"count":1,"href":"https:\/\/vasro.de\/en\/wp-json\/wp\/v2\/posts\/25430\/revisions"}],"predecessor-version":[{"id":25431,"href":"https:\/\/vasro.de\/en\/wp-json\/wp\/v2\/posts\/25430\/revisions\/25431"}],"wp:attachment":[{"href":"https:\/\/vasro.de\/en\/wp-json\/wp\/v2\/media?parent=25430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vasro.de\/en\/wp-json\/wp\/v2\/categories?post=25430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vasro.de\/en\/wp-json\/wp\/v2\/tags?post=25430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}