(MENAFN- Gulf Times) Higher operating earnings and rental income helped Qatar Cinema and Film Distribution Company register 2% gain year-on-year in net profit to QR4.28mn in the first three months of this year.
Operating income rose 6% to QR3.27mn; while direct costs fell 3% to QR3.14mn, according to its financial statement. Thus, the company reported QR0.13mn gross operating profit compared to a loss of QR0.16mn in the previous year period.
Although dividend income fell 13% to QR2.18mn and other income by 49% to QR0.11mn, its rental income rose less than 1% to QR4.16mn. General and administrative expenses fell 19% to QR1.04mn.
Total assets were valued at QR177.2mn, comprising current assets of QR31.71mn and non-current assets of QR145.49mn.
Total shareholders' equity stood at QR143.17mn on a capital base of QR57.1mn and earnings-per-share was QR0.75 at the end of March 31, 2015.
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