Doha – Mubasher: Qatar’s Ooredoo posted on Wednesday a rise of 550.1% in its profit year-on-year during the fourth quarter of the fiscal year 2015.
Net profit reached QAR 359.5 million ($98.75 million) in Q4-15, versus QAR 55.3 million ($15.1 million) in the same period of 2014, according to the company’s financial statements.
Ooredoo’s board of directors proposed cash dividends at QAR 3 per share, totalling QAR 960.96 million ($263.873).
The cash dividends for the fiscal year 2014 have been issued at 40% of the share’s par value, equivalent to QAR 4 ($1.10).
The Qatar listed company’s share closed yesterday’s trading at the level of QAR 89.33.
