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.