Doha – Mubasher: Al Meera Consumer Goods Company’s profit rose in the first quarter of fiscal 2016 by 14.9% year-on-year.
Net profit reached QAR 49.4 million) in Q1-16, versus QAR 43 million ($11.8 million) in Q1-15, according to a bourse filing released on Wednesday.
Earnings per share reached QAR 2.47 ($0.68) in the three-month period, compared to QAR 2.15 ($0.59) in the same period of 2015.
Al Meera earlier reported a net profit of QAR 162.1 million ($44.52 million) in 2015, 28.5% down from QAR 226.6 million ($62.24 million) in 2014.
The stock opened today’s session with a rise of 1% to QAR 205 through exchanging 1,220 shares at QAR 249,300 ($68,470).
