Construction

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

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

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

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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 30th, 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.

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