(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.
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