Mubasher: Ezdan Holding Group reported a 163.7% year-on-year profit hike during the first quarter of 2019, according to a bourse statement.

The Qatar-listed company’s profit surged to QAR 272.44 million ($75.35 million) in Q1-19 versus QAR 103.31 million ($20.84 million) in the year-ago period.

Earnings Per Share (EPS) increased to QAR 0.1 in the three-month period ended 31 March, the company’s data showed.

Total operating profit added 6.6% to QAR 441.73 million from January to the end of March, while total assets inched up 0.02% to QAR 49.66 billion.

Earlier in April, Ezdan announced the split of the share’s nominal value to QAR 1 from QAR 10 during an extraordinary general meeting (EGM).

The Qatar-listed firm posted an 83.9% year-on-year drop in profits for the third quarter of 2018, recording QAR 41.17 million.