Doha – Mubasher: Ezdan Holding Group reported achieving an increase of 62% in its profits for the first quarter of 2017, compared to the same quarter of 2016.

Profits rose to QAR 945.971 million ($259.66 million) in Q1-17 from QAR 586.650 million in Q1-16, according to a filing to the Qatar Stock Exchange (QSE) late Sunday .

Earnings per share (EPS) reached QAR 0.36 in Q1-17, compared to QAR 0.22 in the corresponding quarter in the year before.

The Qatari company previously reported a growth of 9% in its profits reaching QAR 1.81 billion in 2016, compared to QAR 1.66 billion in 2015.

Ezdan’s stock closed Sunday’s trades down 1.44% to QAR 15.09.