Mubasher: Al Meera Consumer Goods Company posted a 6.5% year-on-year profit hike for the fourth quarter of 2018.
Profit attributable to shareholders increased to QAR 61.09 million ($16.8 million) in Q4-18 from QAR 57.34 million ($15.8 million) in the same period of 2017.
For the full-year 2018, the Qatari firm’s profits fell 6% to QAR 182.39 million ($50.09 million), against QAR 194.04 million ($53.29 million) in the prior year, according to the company’s financial results published on the Qatar Stock Exchange (QSE).
Earnings per share (EPS) amounted to QAR 9.12 in the fiscal year ended 31 December 2018, versus QAR 9.7 a year earlier.
Al Meera’s board of directors recommended a cash dividend distribution of QAR 8.5 per share for 2018.
During the first nine months of 2018, Al Meera’s profits dropped 11.3% to QAR 121.3 million, compared to QAR 136.7 million in the year-ago period.
By 10:55 am Qatar time, Al Meera’s stock gained 3.47% to QAR 151.91
