(The Group’s Comments) Qatar Cinema Net Profit Rose to QR 3.14 Million in Q1 2019

 

April 25, 2019

 

·         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.

 

·         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.

 

·         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.