Qatar Cinema's Profit Drops 22.6% to
QR 5.71 Million in Q2, 2017
August 09, 2017
Qatar Cinema & Film
Distribution Company disclosed its reviewed financial statements
for the period ended on 30.06.2017. The statements show that the
net profit is QR 5,712,302/- Compared to net profit amounting to
QR 7,383,710 for the same period of the previous year.
The Earnings per Share (EPS) amounted to QR 0.91 for the period
ended June 30, 2017 to EPS amounted to QR 1.18 for the same
period of the previous year.
The Group's Comment
Qatar Cinema's operational income increased to
QR 639,000 in the second quarter of this year. Expenses settled
at QR 4.1 million. Revenues from rentals and distributions
dropped by QR1.4 million to QR 10.3 million. As result, net
profit declined by 23% to QR 5.71 million. There was a decline
in the fair value of some investments worth QR 5.43 million.
Comprehensive income fell to QR 283, 000.
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