(MENAFN) Qatar-based Ezdan Holding Group reported a strong increase in its profits, reaching USD126.4 million with an increase of 82.3 percent, compared to USD69.4 in 2013, The Peninsula Qatar reported.
Chairman of Ezdan Holding Group attributed the results achieved by the group to the large number of major projects being executed.
According to the CEO of Ezdan Holding Group, record profits of the Group have started to grow due to last year's impressive results, in which the company first transformed into a holding group.
"The increase in profits for the Group expressively reflects the size of Ezdan investment portfolio and all what it includes of huge projects with high profitability," Chairman of Ezdan Holding Group said.
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