Zad Holding Profits in Q2, 2017 Settled at QR 114.69 Million

Earnings per Share (EPS) amounted to QR 5.32

August 14, 2017

Zad Holding Company disclosed its reviewed financial statements for the period ended on 30.06.2017. The statements show that the net profit is QR 114,69 million to net profit amounting to QR 113,71 million for the same period of the previous year.

The Earnings per Share (EPS) amounted to QR 5.32 For the period ended June 30, 2017 to EPS amounted to QR 5.28 for the same period of the previous year.

The Group's Comment

Zad Holding's total income from sales dropped 3% to QR 146.4 million. Other sources of income declined by QR 900,000 to QR 41.6 million. In contrast, total expenses increased by 8.4% to QR 73.3 million, including QR 4.9 million financing cost. As result, net profit increased marginally by 0.8% to QR 114.7 million. It is worth noting that the result of same period in the last year included a decline in the value of securities worth QR 12.1 million, which is not the case this year.