(The Group's Comments) Zad Net Profit Climbs to QR 50.09 Million in Q1 2019

April 30, 2019

Profit: Zad Holding net profit amounted to QR 50.1 million for the first quarter of 2019, compared to QR 49.8 million for the same quarter of last year, and the earnings per share reached QR 2.11 versus QR 2.10.

Revenues: Zad generates revenues through several activities, including importing wheat and manufacturing several flour products such as pasta and baked goods, in addition to construction, contracting, industrial projects management and real estate activity. Zad’s total operating revenues amounted to QR 367.5 million in the first quarter of 2019, and increase of 16% compared to QR 316.8 million for the corresponding quarter of 2018.

Operating Expenses: amounted to QR 283.0 million in this quarter, compared to QR 243.1 million for the same period in 2018, with an operating expenses to revenues ratio of 77%, leaving the company with a gross profit margin of 23%.

Administrative & General Expenses: increased by 9% to QR 36 million in the first quarter of 2019, compared to QR 33 million in the corresponding quarter of last year.