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ZAD Net Profit Increases to QR49.76 Million
in First Quarter of 2018
April 29, 2018
ZAD’s net profit increased to QR49.76 million
in the first quarter of 2018, compared to QR49.25 million for
the same period of the previous year. The holding’s earnings per
share recorded QR2.10, versus QR2.08 for the corresponding
period in 2017.
The Group’s Comments:
Zad’s gross revenues increased by 20% to
QR316.8 million in this first quarter, of which QR24.9 million
were generated from government compensation. On another hand,
operating costs increased by 31% to QR243 million, and the total
profit decreased by 6% to QR73.7 million. General and
administrative expenses rose by 3% to QR33 million, and other
income doubled to QR12.2 million. As a result, the net profit
settled at QR49.8 million, slightly higher than the
corresponding period in 2017.
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