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Qatari German Medical Devices Net Loss Rises
to QR4.39 Million in First Half of 2018
August 09, 2018
Qatari German Medical Devices (QGMD) showed a
net loss of QR4.39 million, compared to a net loss of QR4.31
million for the same period last year, while its loss per share
amounted to QR0.38, versus QR0.37 loss per share recorded in the
corresponding period of 2017.
The Group’s Comments:
QGMD’s net income decreased by 18% to QR2.11
million in the first half of 2017, of which QR 887,000 gross
profit from activity and QR1.22 million from other revenues. The
company’s expenditure dropped by 7.2% to QR4.6 million, while
financing costs slipped slightly to QR1.9 million. As a result,
the net loss increased by 1.9% to QR4.4 million, and there was
no change in the fair value of assets.
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