Qatar Cinema Net Profit Falls 8% to QR2.71
Million in First Quarter of 2018
April 29, 2018
Qatar Cinema & Film Distribution Company
disclosed its quarterly financial statements for the period
ended on 31 March 2018, with a net profit of QR2.71 million, a
decrease of 8% compared to QR2.95 million for the same period
last year.
The company’s earnings per share recorded
QR0.44 in the first quarter of 2018, versus QR0.47 for the same
period in 2017.
The Group
Comment
Qatar Cinema & Film Distribution
Company's operational loss increased to QR503.700 in the first
quarter of this year, and expenses rose to QR2 million, compared
to 1.8 million in the corresponding period. Other sources of
income from rentals and film distributions stood at QR 5.4
million. As result, net profit slid by 8% to QR 2.71 million.
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