Qatari German Medical Devices Net Loss Stood at QR2.23 Million in First Quarter of 2018

April 30, 2018

Qatari German Medical Devices net loss amounted to QR2.23 million in the first quarter of 2018, compared to a net loss of QR2.206 million for the same period last year. QGMD’s loss per share stood at QR0.19 unchanged compared to the corresponding period of 2017.

The Group’s Comments:

QGMD’s gross profit recorded a slight increase to QR275 thousand in the first quarter of 2018, while other revenues decreased slightly to QR645 thousand. In contrast, total expenses rose slightly to QR2.5 million, while financing expenses dropped to less than QR900 thousand. As a result, the loss in this first quarter stood at QR2.2 million.