Doha – Mubasher: The financial results of Medicare Group showed a 23% decline in the company’s profit in the fourth quarter of the fiscal year 2015.
Net profit decreased in Q4-15 to QAR 51.57 million from QAR 66.98 million in the same period of 2014.
The company’s annual profit also inched down 0.63% to QAR 180.38 million last year, versus QAR 181.52 million in 2014.
Earnings per share reached QAR 6.41, compared to QAR 6.45.
The company’s board of directors recommended cash dividends at 50% of the share’s par value, equivalent to QAR 5 per share.
Medicare Group’s profit reached QAR 128.8 million in the first nine months of 2015, against QAR 114.5 million in the same period of 2014.
The Qatar-listed company’s share moved up in today’s trading by 4.8% to QAR 102.3, with a trading volume of 57,550 shares exchanged at QAR 5.89 million.
