Ezdan Holding Group Net Profit Fell to QR 463.47 Million in Q3 2018

October 30, 2018

Ezdan Holding Group net profit amounted to QR 463.47 million, compared to QR 1,410 million for the period ended 30/09/2017, while its earnings per share reached QR0.17 for the period ended 30/09/2018, versus QR 0.53 for the period ended 30/09/2017.

The Group’s Comments:

Ezdan's operating profit decreased by 48.2% to QR 923.8 million, while general expenses dropped by 14.8% to QR167.5 million. However, Ezdan’s financing costs climbed by 22.2% to QR644.7 million, while depreciation went up to QR 22 million. After adding a fair value gain of QR 266.3 million, the net profit decreased by 67.1% to QR 463.5 million. It should be noted that there were positive changes in the fair value of QR 669.5 million, which increased the comprehensive income by 19.2% to QR 1,143.8 million.