Mazaya Qatar Profits in Q2, 2017 Fall 77.8% to QR 13.45 Million  
Earnings per share stood at QR 0.116  

August 14, 2017  

 
Mazaya Qatar Real Estate Development Company net profit in the first half of the year decreased by 77.8% to QR 13.45 million compared to QR 60.69 million in the corresponding period last year. Earnings per stood at QR 0.116 versus QR 0.524 in the corresponding period in 2016.
 
The Group Securities Comment:
 
Mazaya Qatar Real Estate Development Company revenues in the first half of the year decreased by 53.8% to QR 39.3 million including QR 13.5 million from other income and QR 25.9 million from its activity. Total expenses increased by 4.7% to QR 25.9 million, of which QR 17.6 million was finance cost. As a result, net profit decreased 77.8% to QR 13.45 million.