Wednesday, 17 July 2019 08:20 GMT

Qatar- Ezdan Holding Group posts QR463m net profit

(MENAFN - The Peninsula) The Peninsula

DOHA: Ezdan Holding Group has announced its interim financial results for the period ended September 2018. The Group declared a net profit of QR463m for the period, down from QR1.41bn for the corresponding period last year.

The Group's earnings per share (EPS) reported QR0.17 by the end of the third quarter 2018, compared to QR 0.53 in the same period of 2017.

The Group generated operating revenues of QR1.15bn during the first nine months of the year, compared to QR2.08bn in a year earlier same period.

Decline in Ezdan Holding Group reported net profit came on the back of that some of the Group's subsidiaries had sold all the investment units in a number of investment funds during the onset of the last year. Ezdan Holding Group operates an array of significant investments, mainly the real estate sector where it's owned properties in Doha and its environs amount to approximately 34.000 multi-purpose units.

The Group also owns and runs three sumptuous hotels and suites in Doha, in addition to three malls with outstanding top- class brands in Ghraffa, Wakra and Wukair. The Group also has a portfolio that abounds in diversified investments in various sectors.


Qatar- Ezdan Holding Group posts QR463m net profit

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