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.