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.