Zad Holding Group Net Profit Stands at QR 146.9 Million in Q3 2018

October 31, 2018

Zad Holding Group’s net profit amounted to QR146.99 million for the nine month period ended 30/09/2018, compared to QR146.88 million for the same period of the previous year, while its earnings per share stood at QR6.20, similar to the corresponding period of 2017.

The Group’s Comments:

Zad’s total revenues increased by 10.3% in nine months until 30/09/2018 to QR948.5 million, of which QR78.8 million came from government support, and its operating cost climbed by 15.9% to QR741 million, resulting in the drop of the gross profit by 6.1% to QR207.5 million. After adding another revenue of QR53.9 million, and deducting the cost of financing and others, the net profit remained stable at QR147 million compared to the corresponding period of 2017.