DOHA: Ezdan Holding Group delivered a record net profit of QR1.66bn for the full-year 2015, up 22 percent compared to 2014. The Group’s share recorded a remarkable hike during 2015, where the Earnings per Share (EPS) reached QR0.63 versus QR0.51 for the same period of the previous year. This is due to the success of the Group’s investments and operational performance growth in-line with the expansion in the development process of all current projects.
Chaired by Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, the Board of Directors discussed the Group’s annual performance, and recommended distributing cash dividends of QR0.50 per share to shareholders, an increase of 25 percent compared to last year.
Commenting on the financial results, Chairman of Ezdan Holding Group, Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, said that the achievements have exceeded all expectations despite global repercussions caused by the drop in oil prices, which has massively influenced a wide range of vital sectors in the region, including the financial markets.
Ezdan’s success in gaining such earnings reflects the efficiency of its pre-emptive studies of the investment status quo set for the year, taking into consideration market statistics, profits of losses factors. The Group was able to come up with solutions that avoided the impact of economic recession. Such solutions involved taking well-studied strategic decisions in regards of distributing Group shares in sister companies, pumping up investments in financial markets. The Group is keen to moving forward with its diversified investment plan to mitigate risks as per the Group’s plan in order to increase profits, enhance the financial performance, and contribute in supporting the national economy, Sheikh Dr Khalid said.
Ali Al Obaidli, CEO, Ezdan Holding Group attributed the solid results to a number of important factors including the Group’s success in executing its operational performance enhancement plan in all its projects, through carrying out a wide-range of improvement operations on its existing assets and re-assessing them. The Group extended the scope of its operations within Qatar, which resulted in the increase of its assets to QR46.9bn in 2015, compared to QR43.4bn from a year ago.The Group’s cash flow from operating projects has scored an unprecedented rise this year.
The year 2015 was an exceptional year for the Group in regards to the stock market. Ezdan’s shares witnessed a great demand after being included in the MSCI Emerging Markets Index. Moreover, the Group has been on the lead in the Qatar Exchange, as far as real estate traded shares are concerned, as it accounted for up to 49.6 percent of total traded shares during the year.
The Group’s operating profits stood at QR1.9bn in 2015, compared to QR1.6bn in the previous year, an increase of 19 percent. The Peninsula
