Doha – Mubasher: Industries Qatar QSC said Thursday it generated QAR 614 million ($168.7 million) in net profit for the fourth quarter of 2015.
Net profit for the fiscal year 2015 amounted to QAR 4.4 billion ($1.21 billion), down 29.9% or QAR 1.8 billion ($494 million) compared with a year earlier.
The full-year revenues declined by 12.4% to QAR 5.2 billion, while sales rose by 10% to hit a record level.
The company’s board of directors recommended the distribution of cash dividends for FY15 at QAR 3 billion or QAR 5 per share (50% of stock par value).
