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Ezdan Net Profit in Q1, 2017 Rises 61.5% to QR 946
Million
May 01, 2017
Ezdan Holding Group disclosed its reviewed financial statements
for the period ending 31/03/2017, with a net profit of QR 946
million, up 61.5% compared to net profit of QR 586 million in
the corresponding period last year.
Earnings per share reached QR 0.36 for the fiscal year ended
31/03/2017 compared to QR 0.22 in the corresponding period in
2016.
The Group's Comment
Ezdan Holding
Group's operational income increased by 67.9% to QR 1137.2
million in the first quarter of 2017, including QR 404.5 million
from rentals, QR 458 million from sale of assets. Public and
administrative expenses increased by 56.4% to QR 80.3 million.
Adding and deducting other items: Adding a share of profit from
associate companies worth QR 42.5 million; and deducting
financing cost worth 154.1 million, then net profit attributable
to shareholders increases by 61.5% to QR 945.8 million.
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