Al Meera Net Profit Increases 23% to QR 199.2 Million

February 21, 2017

Al Meera Consumer Goods Company net profit is QAR 199.2 million, compared to QAR 162.1 million for the same period of the previous year. Earnings per Share (EPS) amounted to QAR 9.96 for the period ended December 31, 2016 compared to (EPS) amounted to QAR 8.10 for the same period of the previous year. In addition, the proposed dividend distribution is QAR 9 per share (90% of the nominal value of each share).

The Group's Comment

Al Meera's operational income decreased by 3.4% to QR 441.7 million in 2016. Public and administrative expenses rose by 10% to QR278.2 million. Adding rent revenues; deducting depreciation allowances, then net profit attributable to shareholders rises by 23% to QR199.2 million.