Qatari German Medical Devices Net Loss Decreases to QR5.49 Million in Q3 2018

October 29, 2018

Qatari German Medical Devices Co. net loss amounted to QR5.49 million, compared to a net loss of QR6.29 million for the same period last year, while the company’s loss per share reached QR0.48, versus a loss of QR0.55 for the corresponding period of 2017.

The Group’s Comments:

The company’s gross profit from activity increased by 14.5% to QR1.98 million, while other income decreased to QR1.8 million. Qatari German’s total expenses decreased by 8% to QR9.3 million, resulting in the decrease of loss by 6.3% to QR5.49 million.