Qatar Cinema Net Profit Drops to QR4.94 Million in First Half of 2018

August 05, 2018

Qatar Cinema & Film Distribution Company’s net profit amounted to QR4.94 million, compared to QR5.71 for the same period of the previous year, while its earnings per share reached QR0.79 versus QR0.91 for the corresponding period of 2017.

The Group’s Comments:

Qatar Cinema total loss in main activity rose by 57.6% to about QR 844,000 in the first half of 2018, while revenue from real estate and other streams stabilized at the level of QR10.6 million, and the company’s expenses and depreciation increased to QR4.74 million. As a result, net profit decreased by 14% to QR4.9 million. It should be noted that there were positive changes in the fair value of QR3.9 million, raising the comprehensive income to QR8.9 million compared to QR0.28 million in the corresponding period last year.