Qatar National Cement Company 2019 Net Profit Drops By 50% to QAR 172.16 Million, EGM to Convene on 23 February 2020
26 January 2020
Qatar National Cement Company has disclosed its financial results for the year ended 31 December 2019 which reflected net profits of QAR 172.16 million compared to QAR 347.83 million of the preceding year 2018, a drop of 50%.
Earnings per share for 2019 amounted QAR 0.26 compared to QAR 0.53 for 2018.
The Board of Directors has proposed to the next shareholders’ annual general meeting the distribution of 30% of the share capital in cash dividends, 30 Dirhams per share. It has also been decided to hold the shareholders’ annual extra-ordinary general meeting on Sunday, 23 February 2020.