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Ezdan FY14 profit reaches QAR 1.3bn

Ezdan FY14 profit reaches QAR 1.3bn
Photo Credit: Arabianeye-Reuters
Ezdan Holding
ERES
-0.25% 0.81 -0.00


Doha-Mubasher: Ezdan Holding Group announced its financial results to Qatar Exchange (QE) for the fiscal year (FY) 2014, during which it reported a profit rise by 18.2% to QAR 1.3 billion, compared to QAR 1.1 billion during FY13.


Financials showed an increase by 26% in the company’s earnings per share (EPS) to QAR 0.51 during the period, compared to QAR 0.40.


Moreover, the company’s operating income grew 36% to QAR 1.8 billion by the end of 2014, compared to QAR 1.37 billion by the end of 2013.


The assets gained 32% to reach QAR 890 million, while non-operating assets inched up 6% to QAR 42.5 billion.