Mubasher: The financial statement of Mazaya Qatar Real Estate Development showed that the company’s results swung to loss for the first quarter of 2018.
Net losses amounted to QAR 6.31 million in Q1-18, compared to a net profit of QAR 5.02 million in Q1-17, according to the company’s filing to the Qatar Stock Exchange (QSE) released late Sunday.
Losses per share recorded QAR 0.055 for the three-month period ended March 2018, versus earning per share of QAR 0.043 for the same period the year before.
For the full-year 2017, Mazaya Qatar’s profits jumped 62.3% to QAR 28.14 million, from QAR 74.63 million in 2016.
