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.