Mubasher: Ezdan Holding Group reported an 89.2% year-on-year decline in net profit for the first quarter of 2018, recording QAR 102.2 million ($28.07 million) from QAR 944.7 million ($259.5 million).
Earnings per share (EPS) amounted to QAR 0.04 in Q1-18, compared to QAR 0.36 in Q1-17, according to a filing to the Qatar Stock Exchange (QSE).
Ezdan had previously posted a net profit of QAR 1.69 billion for the full-year 2017, shrinking 6.6% year-on-year, from QAR 1.81 billion.
The board of the company had approved retaining 2017 profits for the next year.
By 10:10 am Qatar time, Ezdan’s stock led top losers on QSE with a 6.33% drop to QAR 10.50.
