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From QR:
"The current fourth quarter’s losses
in the Group was due mainly to the reduction in revenue by 34%, impairment on
goodwill and impairment loss on trade and other receivable that has been provided
in the current quarter."
yes. since opr rate not increase yet, current sukuk coupon rate still can enjoy low rate. In future, unless the lending business improve, otherwise the higher sukuk interest payment will affect the earning.
How do you guys think, if increase interest rate will lead to newly issue sukuk rate to increase as well, and ultimately lower the profit due to higher cost to pay for bond interest.
