Doha – Mubasher: Al Meera Consumer Goods Company's profits hiked 148.1% year-on-year in the fourth quarter of 2016.
Profits reached QAR 62.35 million ($17.11 million) in Q4-16, compared to QAR 25.13 million ($6.9 million) in Q4-15.
Net profit for the twelve months of 2016 rose 22.9% to QAR 199.2 million from QAR 162.1 million in 2015, according to a bourse filing on Tuesday.
Earnings per share reached QAR 9.96 in 2016 from QAR 8.10 in 2015.
Al Meera's board recommended distributing cash dividends for 2016 of QAR 9 per share, representing 90% of the share's nominal value.
The company capital amounts to QAR 200 million, distributed over QAR 20 million shares at a nominal value of QAR 10 per share.
