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Ezdan posts 290% surge in full-year earnings

Qatari real estate developer, Ezdan Holding has said its net profit for 2013 has surged 289.45% to QR1.07bn, compared with QR275m in the previous year, the Peninsula has reported. “The performance of the groups has been extraordinary in all four quarters of 2013. It has witnessed the launch of several new mega projects, which have contributed to the creation of a huge surge in the volume of the Group’s financial results,” said Ezdan chairman, Sheikh Dr Khalid bin Thani bin Abdullah Al Thani. “We look forward to the year 2014 with great deal of optimism and determination. We also hope that the implementation of our new projects in 2014 will help group to pave its way in making history.”