Qatar Cinema & Film Distribution Co. Discloses Its
Financial Statements for The Year 2016
January 23, 2017
Qatar Cinema & Film posted net profit of QR
4.30 million compared 14.33 for the same
period of the previous year. E/P amounted to
QR 0.68 compared to QR 2.28 for the same
period of the previous year.
The
Group's Comment
Qatar Cinema's operational loss hit QR
880.000 in 2016, compared to one million
profit registered last year. Others sources
of income settled at QR 19.1 million,
including QR17.4 million as rental revenues.
Public and administrative expenses slightly
declined to QR4.1 million. The company
incurred losses as result of the
depreciation of properties and investments
amounted to QR4.48 million, QR 4.5 million
loss as result of decline in the available
for sale securities, and financing cost
worth QR 906.000. As result, this year's net
profit amounted to QR 4.3 million, compared
to QR 1.43 million last year; and
comprehensive income increased to QR 9.7
million as result of rearranging some items
relating to the fair value.