Doha – Mubasher: Widam Food Company’s annual profit rose by 103.4% to QAR 17.69 million in the fourth quarter of fiscal year 2015, versus QAR 8.7 million in the same period of 2014, the company announced on Sunday.
The Qatar-listed company achieved annual profit of QAR 69.1 million last year, compared to QAR 54.7 million in 2014.
Earnings per share increased to QAR 3.84 from QAR 3.04.
The company’s board of directors recommended cash dividends at 27% of the share’s par value, equivalent to QAR 2.7 per share.
Widam earlier reported a net profit of QAR 51.4 million in the first nine months of 2015, versus QAR 46 million in the same period of 2014.
