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Ezdan Holding’s net profit up 10 percent in H1

27 Jul 2015

(MENAFN) Ezdan Holding Group said it posted a 20 percent increase of its net profit to USD235.54 million in the first half of the year helped by strong core earnings, Gulf Times reported.

The Qatari group’s operating profit increased 11 percent to USD249.69 million, despite a drop of 16 percent in net gain on sales of financial assets to USD22.48 million and a 39 percent in other income to USD7.86 million.

Meanwhile, its operating expenses remained unchanged at USD36.73 million. Rental income grew 17 percent to USD205.8 million, according to the group’s financial statement.

The group said investment earnings indicators will continue to rise amid the global economic crisis driven by the political and economic changed such as the decline in global oil prices.

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