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Doha Bank, Qatar Cinema profits rise

Doha Bank disclosed the interim financial statement for 2022..
  • The bank revealed a net profit of $210,267,857 in comparison to a net profit of $193,344,505 for the same period of the previous year
  • Qatar Cinema disclosed a net profit of $762,876 in comparison to a net profit of $592,251 for the same period of the previous year

Doha, Qatar – Doha Bank and Qatar Cinema disclosed on Monday the interim financial statement for the 12 months ending December 31, 2022.

The bank’s financial statements revealed a net profit of QR 765,375,000 ($210,267,857) in comparison to a Net Profit of QR 703,774,000 ($193,344,505) for the same period of the previous year, an 8.75 percent increase YoY.

According to a statement published on the Qatar Stock Exchange website, the bank’s earnings per share (EPS) amounted to QR 0.25 as of December 31, 2022, compared to QR 0.23 for the same period in 2021.

The Bank’s board of directors has recommended the cash dividend of QR 0.075 per share.

Meanwhile, Qatar Cinema & Film Distribution Company disclosed the interim financial statement for the 12 months ending December 31, 2022. The financial statements revealed a Net Profit of QR 2,776,872 ($762,876) in comparison to a net profit of QR 2,155,794 ($592,251) for the same period of the previous year, a 28.8 increase YoY.

The EPS amounted to QR 0.044 as of December 31, 2022, compared to QR 0.034 for the same period in 2021.

The Board of Directors has proposed a cash dividend of 6 percent from the total paid share capital for a total amount of QR 3,768,477.