MAZAYA REAL ESTATE DEVELOPMENT COMPANY (QSE) DISCLOSES ITS FINANCIAL STATEMENTS FOR THE YEAR 2019
MAZAYA REAL ESTATE DEVELOPMENT COMPANY (QSE) disclosed its financial statements for the year ended on December 31, 2019. The statements shows that the net profit is QR 32,502,883 compared to net profit amounting to QR 16,597,393 for the same period of the previous year.
During the year, the company had implemented International Financial Reporting Standard 16 which resulted in a restated net profit of QR 374,173,823 for the same period of the previous year.
The earning per share amounted to QR 0.03 for the year ended December 31, 2019 to earning per share amounted to QR 0.0143 and restated earnings per share amounted to QR 0.32 for the same period of the previous year.
