Mubasher: Mazaya Qatar Real Estate Development Company posted a 41.8% year-on-year increase in profits for the third quarter of 2018.
Net profits amounted to QAR 5.9 million in Q3-18, compared to QAR 4.2 million in Q3-17, according to the company’s statement to the Qatar Stock Exchange (QSE) late Wednesday.
For the first nine months of 2018, Mazaya’s net profits rose 25.5% to QAR 22.1 million, versus QAR 19.6 million in the same period of the prior year.
Earnings per share (EPS) amounted to QAR 0.19 for the nine-month period ended September, from QAR 0.15 for the same period the year before.
It is worth noting that Mazaya’s profits levelled up 20.5% year-on-year to QAR 16.21 million for the first half of 2018.
By 10:34 am Qatar time, Mazaya Qatar Real Estate’s stock declined 2.47% at QAR 7.54.
