Doha – Mubasher: Mazaya Qatar Real Estate Development Company posted on Wednesday a 33.5% decline in net profit in 2015.
Net profit came to QAR 112.72 million last year, versus QAR 169.44 million in 2014, according to the company’s financial statements.
Earnings per share dropped to QAR 1.074 in 2015 from QAR 1.614.
The Qatar-listed company’s board recommended bonus shares at 5%, equivalent to 5 shares for each 100 shares.
The company earlier reported a net profit of QAR 92.5 million in the first nine months of 2015, versus QAR 87.9 million in the same period of 2014, with a rise of 5.2%.
