Mazaya Qatar posts QR10.4 mln in net profit

Mazaya Qatar Real Estate Development Company disclosed the interim financial statement for the three month period ended March 31, 2012. The financial statements revealed a net profit of QR 10.4 Million in comparison to QR 31 Thousand for the corresponding period in 2011, the company said in a statement published on (Qatar Exchange) website. The Earnings per Share (EPS) amounted to QR 0.103 as of March 31, 2012 versus QR 0.000315 of the same period in 2011. Mazaya Qatar Real Estate Development Company has been established as a Qatari shareholding company with an authorized capital of QR 1 billion. The company specializes in real estate development and investment while abiding by the rules of the Islamic Shariah.