QGMD loss widens 6% in Q1

09/05/2014 04:40 AST

Qatari German Company for Medical Devices' first-quarter net loss widened 6% year-on-year to QR2.81mn despite robust revenues. Revenue almost tripled to QR5.3mn and direct costs more than doubled to QR4.76mn. But the company made a gross profit of QR0.54mn compared to a loss of QR0.13mn, according to its financial statement filed with the Qatar Stock Exchange. Other income plunged 35% to QR0.05mn, whereas selling and distribution expenses rose 28% to QR0.41mn and general and administrative costs by 34% to QR2.31mn. This led to its operating loss widen 1% to QR2.13mn.

Finance costs surged 26% to QR0.68mn.

Total assets were valued at QR249.06mn, comprising current assets of QR33.79mn and non-current assets of QR215.27mn.

Total equity stood at QR173.19mn on a capital base of QR115.5mn and loss-per-share was QR0.24 at the end of March 31, 2014.

Gulf Times

News

QGMD net losses increased to QR9.9 mil during 1st 9 months of 2014

20/10/2014

Qatar German Company for Medical Devices disclosed the interim financial statements for the period ending September 30, 2014. The interim financial statements revealed a net loss of QR 9.9 Million fo

Qatar Exchange

QATAR GERMAN FOR MEDICAL DEVICES DISCLOSES 2013 FINANCIALS

23/03/2014

Qatar German for Medical Devices disclosed the financialstatements for the year ended December 31, 2013. The financials revealed a net loss of QR 7.9million in 2013 in comparison to a net loss of QR

Press Release

QGMD Discloses the Interim Financial Statements

31/10/2013

Qatar German Company for Medical Devices (QGMD) disclosed the interim financial statements for the period ending September 30, 2013. The interim financial statements revealed a net loss of QR 4.

Press Release