CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

Ezdan Holding Group posts net profit of QR208.6m for 9 months

Published: 15 Oct 2020 - 09:43 am | Last Updated: 14 Nov 2021 - 02:18 am
A provided picture of Ezdan Towers located in West Bay, Qatar.

A provided picture of Ezdan Towers located in West Bay, Qatar.

The Peninsula

Doha: Ezdan Holding Group, one of the leading real estate companies in Qatar, has declared a net profit of QR208.6m for the first nine months of the current financial year ended September 30, 2020 compared to QR509.2m for the same period last year.

The Group’s earnings per share (EPS) reported QR0.008 by the end of the third quarter 2020, compared to QR0.019 in the same period of 2019.

The Group generated operating revenues of QR1.078bn during the first nine months of the year, compared to QR1.26bn in a year earlier same period.  The decrease was mainly driven from a decrease in revenues and operating profit of the hotels sector and the malls sector.