Al Qudra Holding PJSC reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of AED 66,472,000 compared to AED 125,088,000 a year ago. Operating profit was AED 48,159,000 compared to AED 90,564,000 a year ago. Profit attributable to owners of the company was AED 31,770,000 compared to AED 86,637,000 a year ago. Basic and diluted earnings per share was AED 0.039 compared to AED 0.139 a year ago.
For the six months, the company reported revenue of AED 115,766,000 compared to AED 259,087,000 a year ago. Operating profit was AED 57,645,000 compared to AED 124,245,000 a year ago. Profit attributable to owners of the company was AED 31,801,000 compared to AED 116,272,000 a year ago. Basic and diluted earnings per share was AED 0.039 compared to AED 0.187 a year ago. Net cash used in operating activities was AED 90,301,000 compared to net cash from operating activities of AED 57,448,000 a year ago. Acquisition of property, plant and equipment was AED 34,051,000 compared to AED 4,104,000 a year ago. Purchase of investment properties were AED 188,423,000.