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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.
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