Doha – Mubasher: Al Meera Consumer Goods Company posted on Monday a net profit of QAR 25.2 million in the fourth quarter of 2015.
Net profit declined in Q4-15 by 61.5%, compared to QAR 65.5 million in the same period of 2014.
Annual profit also decreased by 28.5% to QAR 162.1 million last year, versus QAR 226.6 million in 2014.
Earnings per share dipped to QAR 8.1 in 2015, against QAR 11.33 in 2014.
Total sales rose last year to QAR 2.4 billion, the company’s deputy CEO Mohammed Nasser Al Qahtani said in a statement.
The company’s board of directors proposed cash dividends at 90% of the share’s par value or QAR 9 per share, a payout unchanged from 2014.
Al Meera earlier posted a decline of 15% year-on-year in its nine-month profit.
The Qatar-listed company’s share declined 1.27% in today’s early session.
