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Ezdan Holding Group logs QAR 320m profit in Q2

Ezdan Holding Group logs QAR 320m profit in Q2
EPS amounted to QAR 0.16 in Q2-18
Ezdan Holding
ERES
0.12% 0.80 0.00

Mubasher: Ezdan Holding Group on Wednesday reported a 52.5% year-on-year profit surge in the second quarter of 2018.

Ezdan's net profits amounted to QAR 320.11 million ($88.4 million) in the period between April to June, compared to QAR 209.85 million ($58 million) in Q2-17, according to a statement to the Qatar Stock Exchange (QSE).

Earnings per share (EPS) amounted to QAR 0.16 in Q2-18, down from QAR 0.44 in the year-ago period, the statement added.

At the level of the first six months of this year, profits plunged 63.4% to QAR 422.31 million, from QAR 1.15 billion in the same period a year earlier.