Ezdan Holding posts 82.3% jump in Q1 earnings

April 28, 2014 12:58 pm

Qatar’s property developer Ezdan Holding Group has said its first-quarter net profit soared 82.3% to QR460.6m, compared with the same period last year, Gulf Times has reported. Performance during the first three months of 2014 was boosted by a number of major projects, notably the Al Shamal Residential Compound, which spreads over an area of 115,000 sq m and lines the Al Shamal Road, said Ezdan Holding CEO, Ali Mohamed al-Obaidli. The compound comprises some 129 luxury villas, 256 apartments and a four-star hotel.