Qatari German
Medical Devices Discloses Its Financial Statements for
Three-Period Ended March 31, 2017.
April 27, 2017
Qatar German Medical
Devices disclosed the interim financial statement for the
three-month period ended March 31, 2017. The financial
statements revealed a net loss of QR 2,20 million in comparison
to net loss QR 2,05 million for the same period of the previous
year.
The loss per share amounted
to QR )0.19 (As of March 31, 2017 versus loss per share QR )0.18
(of the same period in 2016.
The Group's Comment
Qatar German Medical Devices' total income from its
business and other sources dropped by 33% to QR 880.200 in the
first quarter of 2017.
Total expense dropped by 8.6% to QR 2.08 million.
Financing cost fell slightly to QR 1.01 million. As result, net
loss increased by 7.5% to 2.20 million.
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