Umm Al Qaiwain profits fall in 2016

Doha – Mubasher: Umm Al Qaiwain General Investment Co. reported a 1% year-on-year decline in 2016, according to a bourse statement.

Net profits reached QAR 1.03 billion ($282.63 million) in 2016, compared to QAR 1.04 billion ($285.38 million) in 2015.

Earnings per share (EPS) reached QAR 4.48 in 2016, compared to QAR 4.84 in 2015.

The board recommended 15% dividends or QAR 1.5 per share for 2016, in addition to 15% bonus shares on a 3-for-20 basis.

Mubasher Contribution Time: 08-Feb-2017 14:05 (GMT)
Mubasher Last Update Time: 08-Feb-2017 14:05 (GMT)