Mubasher: Qatar for Cinema and Film Distribution posted a drop of 90.6% in profits during the third quarter of 2016 as compared to the same period in the previous year.
Earnings plunged to QAR 220,000 ($60,380) in Q3-16 from QAR 2.34 million ($642,190) in Q3-15, according to a bourse statement issued Sunday.
During the nine-month period this year, profits shrank 14.6% to QAR 7.6 million when compared to QAR 8.9 million in the corresponding period of 2015.
Earnings per share stood at QAR 1.21 by the period ended 30 September, 2016 as compared to QAR 1.42 in the same period a year ago.
