(MENAFN- The Peninsula) Ezdan Holding Group recorded a net profit of QR1.01bn for nine months period ended September 2014, reflecting an increase of 41.4 percent compared to the same period last year.
The quarterly financial results revealed that the group earnings per share (EPS) amounted to QR0.38 at the end of the third quarter of 2014, compared to QR0.27 for the corresponding period in 2013.
Commenting on the financial results, Chairman of Ezdan Holding Group Sheikh Dr Khalid bin Thani bin Abdullah Al Thani noted that the third quarter results confirm the strength of the financial situation of the Group and its ability to strongly compete in the local market.
"The strong results are the reflection of the quality of the sectors in which the Group invests and its keenness to provide superior services in line with the aspirations of the State of Qatar", Sheikh Dr Khalid noted.
He pointed out that the Group is looking forward to expand the role of existing investments to drive growth in the coming period, taking advantage of the developments achieved and future investments that will be announced in the coming period. He added that there is a great possibility of implementing some of well-studied projects soon in various sectors, noting that the Group aims at developing and diversifying its investments in the fore coming years.
Sheikh Dr Khalid said: "The objectives of Ezdan Holding Group is not limited to just profits, but aims to bring in world class quality to Qatar's real estate and hospitality sectors, which would help Qatar emerge as an ideal destination for investment and tourism."
For his part, Ezdan Holding Group CEO Ali Mohammed Al Obaidli pointed out that Ezdan Holding is determined to continue achieving record growth rates in the coming period with the support of its various investments in several sectors. He said that these investments are the catalyst in achieving excellent revenues as well as further development of operating profit during the coming period. Obaidli hailed the defined strategy Ezdan Holding has set and competitive advantages enjoyed by its subsidiaries in various sectors as well as the steps pursued by the Group to diversify its investments and therefore recording outstanding returns.
Ezdan Holding Group is one of the largest business entities in Qatar. The group has achieved remarkable growth and development during the past years through an array of diversified investments.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.