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.