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Ezdan H1 profit jumps 91%
- Qatar: Thursday, July 30 - 2009 at 11:02
Qatar-based Ezdan Real Estate has reported 91% increase in its first half net profit to QR203.42, while its rental income had climbed more than 66% to QR239.69m. Ezdan's gains on disposal of investment properties had more than quadrupled to QR17.43m, even as other income had dropped 52% to QR2.92m, the company has said. Operating expenses had dropped by 44% to QR33.26m, which resulted in its operating profit to report 73% gains to QR226.77m. Profit on bank deposits jumped about nine-fold to QR2.67m.
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