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Ezdan reports 18% jump in 2012 income
- Qatar: Thursday, February 07 - 2013 at 07:08
Qatari property developer Ezdan has announced its net profit for 2012 rose 18% to QR408.75m, mainly on robust gains recorded by its associate companies, Gulf Times has reported. Gross profit from rents fell 9% to QR453.16m on 15% shrinkage in rental revenues to QR519.91m, Ezdan said. Gross profit on construction activities shrank 48% to QR0.16m with construction revenues dropping 89% to QR3.51m and construction costs also declining by a similar proportion to QR3.35m, the firm said.
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