(The Group’s Comment) Qatar
Cinema & Film Distribution Company declines by 12% to QAR 5.59
million in the 3rd Quarter 2019
Profits: mounted nearly QAR 5.60 million for
the first 9 months of 2019 compared to QAR 6.34 million for the
same period last year 2018, a drop of 11.67%.
Earnings per share mounted QAR 0.09 versus QAR 0.11. The
3rd quarter profits recorded QAR 1.28 million versus
QAR 1.62 million for the same quarter last year 2018.
Comprehensive Income: the company recorded
assessment profits of QAR 1.11 million versus QAR 6.98 million
for the same period last year 2018.
Revenues: Operating revenues has
increased by 10.0% to record QAR 5.17 million compared to QAR
4.70 million and enabled the company to reduce the deficit in
the total profit. (Revenues – Cost of Revenues) amounted QAR 910
thousand compared to QAR 10.50 million for the same period 2018.
However, the revenues of the real estate activity amounted to
QAR 12.21 million versus QAR 12.60 million declining by 3.1%.
The company’s revenues from distribution of dividends has
reduced by QAR 800 thousand to reach QAR 1.2 million. In
contract, other revenues has increased by QAR 1.0 million.
The company has reversed the
provision for end of service benefits by QAR 900 thousand which
has positively impacted the revenues. In contrast, the company’s
implementation of standard 16 had its impact on the income
statement by increasing the expenses of depreciation and
amortization of QAR 620 thousand.
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