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Ezdan posts 91% H1 net profit surge

Qatar's Ezdan Real Estate has reported a 91% surge in its first half net profit to QR198.04m, Gulf Times has reported. Operating expenses climbed 49% to QR43.28m, sending the real estate company's gross profit on rental activities 22% to QR191.49m. Total assets reached QR32.02bn, which largely comprised investment property to the tune of QR31.18bn. Total equity stood at QR27.54bn on a capital base of QR26.52bn and earnings-per-share was QR0.15 at the end of June 30, 2012, Ezdan said.