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Mazaya Net Profit Drops 62% to QR28.14
Million; Board Recommends Against Distributing Dividends
March 21, 2018
Mazaya Qatar Real Estate Development Co.
disclosed its financial statements for the year ended on
31/12/2017, with a net profit of QR28.14 million, a drop of 62%
compared to net profit of QR74.62 million for the same period
last year.
The company’s earnings per share (EPS)
recorded QR0.243 for the fiscal year ended on 31/12/2017,
compared to QR0.645 for the same period in 2016.
The Board of Directors advised against
distributing any dividends to the company's shareholders;
instead, carry them over to the next year.
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