Doha – Mubasher: Salam International Investment Company’s net profit rose in the fourth quarter of the fiscal year 2015 by 422.5% to QAR 58 million, versus QAR 11.1 million in the same period of 2014.
The company’s annual profit also increased to about QAR 123.9 million last year from QAR 78.3 million in 2014.
The company’s board of directors recommended cash dividends at 10% of the paid-up capital, equivalent to QAR 1 per share.
Salam International’s nine-month profit reached about QAR 65.9 million, versus QAR 67.2 million in the same period of 2014.
The Qatar-listed company’s share rose by 4.57% or QAR 0.46 to QAR 10.52 in Sunday’s session.
