Mubasher: Ezdan Holding Group on Tuesday reported turning to loss of QAR 29.73 million ($8.25 million) in the fourth quarter of 2018, compared to a profit of QAR 280 million ($77.7 million) in the corresponding period a year earlier.

For the full-year 2018, the Qatari firm’s profits fell 74.3% to QAR 433.74 million, against QAR 1.69 billion in 2017, the company said in a statement to the Qatar Stock Exchange (QSE).

Earnings per share (EPS) registered QAR 0.16 for the fiscal period ended 31 December 2018, against QAR 0.64 for the year-ago period.

The Qatari firm’s board of directors recommended not to distribute cash dividends for the fiscal year ended 31 December 2018.

During the first nine months of 2018, the company’s profits retreated 67.1% to QAR 463.47 million, from QAR 1,410.61 million in the prior-year period.

By 10:13 am Qatar time, Ezdan Holding Group’s stock dropped 2.36% to QAR 11.91.