Ezdan posts $71.68m net profit for first nine months of 2012

Real Estate developer sees net profit jump from $55.4m in 2011

November 1, 2012

shutterstock_90024700 — Qatar’s Ezdan has seen a surge in net profit for the first nine months of 2012.

Qatari real estate developer Ezdan Holding Group has posted a net profit of $71.68mn for the end months period ended September 30, 2012, it was announced on Sunday.

This was up from the previous year’s figures of $55.47mn during the corresponding period, the AFP reported.

Earnings per share amounted to QR0.13 for the period ended September 30^th, 2012, versus QR0.10 for the corresponding period in 2011, Ezdan said.

The developer has been involved in a number of projects across Qatar, including the Al Wahab Tower, the Ezdan International School and the Ezdan Mall 1 in Gharaffa and Doha.