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Zad says third-quarter profits fell into 14% retreat

Zad says third-quarter profits fell into 14% retreat
Photo Credit Arabianeye-Reuters
Zad Holding
ZHCD
0.55% 12.75 0.07

Doha-Mubasher: Zad Holding Company said its earnings declined 13.7% to QSR 126.76 ($34.78 million) for the third quarter of 2015, down from QR 147 million ($40.33 million) for the same period of the previous year.

Earnings per share amounted to QAR 5.88 for the three month period ended September 30, 2015 compared to QAR 6.82 in the same period a year earlier, a bourse filing said.

In the first half of 2015, the Qatari multi-sector company also reported a 15% decline in profits to QAR 109.7 million ($30.1 million), compared to QAR 129.1 million ($35.4 million) in H1-14.