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(The Group’s Comments) Qatar Cinema Net Profit Rose to
QR 3.14 Million in Q1 2019
April 25, 2019
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Profits: Qatar Cinema & Film Distribution Co.’s profits jumped by about
15.5% to QR 3.14 million in the first quarter of 2019, compared
to QR 2.72 million for the same quarter in 2018. The company’s
earnings per share amounted to QR 0.50 in this first quarter,
versus QR0.44 in the corresponding quarter of last year. As for
the comprehensive income, a comprehensive loss of QR 1.26
million was recorded in this quarter, compared to a profit of QR
63,000 for the same period of 2018.
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Revenues: Qatar Cinema’s operating activities recorded a loss of QR 497,000
in this first quarter, compared to a loss of QR 503,000 for the
corresponding period of 2018, this can be traced back to the
company’s higher operating costs, which amounted to QR 2.0
million, while its operating income stood at QR 1.5 million.
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Non-Operating Revenues: amounted to QR 5 million in the
first quarter of 2019, of which QR 4.1 million was from rents,
and QR 826,000 was from other income.
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