Doha – Mubasher: Qatar for Cinema and Film Distribution on Wednesday announced a drop of 13.7% in its profits for the first quarter of 2017, compared to the year-ago period.
Qatar for Cinema registered QAR 2.95 million ($809,380) in profits for Q1-17, compared to QAR 3.42 million ($938,330) in Q1-16, according to a filing to the Qatar Stock Exchange (QSE).
Earnings per share (EPS) reached QAR 0.47 in Q1-17, compared to QAR 0.54 in the same quarter of the year before.
Qatar Cinema profits slid 70% reaching QAR 4.3 million in 2016, compared to QAR 14.33 million in 2015.
