Ezdan Holding Group (Ezdan) reported its 2Q16 financial results. Revenue was QAR530mn (+22.2% Y-o-Y), boosted by higher rental and investment revenue. Gross profit was QAR444mn (+21.8% Y-o-Y), translating into a Gross Profit Margin (GPM) of 84%, roughly unchanged Y-o-Y. Net income was QAR341.5mn, up 1.8% Y-o-Y only despite the revenue growth, on lower income from associates and JVs and higher finance costs. 1H16 revenue was QAR1.27bn (+69.5% Y-o-Y), gross profit QAR1.1bn (+79.7% Y-o-Y), translating into a GPM of 87.0% (+5pps Y-o-Y), while net income was QAR925mn (+7.8% Y-o-Y). (Company disclosure)