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Qatar National
Cement Net Profit Rises 6.4% to QR 348 Million, Recommends QR5
Cash Dividends
January 24, 2019
Qatar National Cement Company announced its results for 2018.
Net profit reached QR 347.83 million compared to QR 326.92
million in 2017, with a growth rate of 6.40%. Dividends amounted
to QR 5.32, compared to QR 5.00 in 2017. The results of the
company also show a remarkable increase in the fourth quarter of
2018, with profit hitting QR129 million, compared to QR84.1
million, thus an increase of up to 53%.
The company announced in 2018 the launch of several new products
in the Qatari market, such as white cement and crushed straw.
The
following table shows the quarterly profit of the company.
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Q1
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Q2
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Q3
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Q4
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Total
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Profit
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90.26
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78.26
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50.36
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128.98
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347.86
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Dividend
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1.38
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1.2
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0.77
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1.97
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5.32
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The Board of Directors recommended to the General Assembly to be
held on February 11 to distribute 50% of the share capital with
a dividend of 7.14% for 2018 profits. The company distributed
45% of the share capital for the year 2017.
The stock is currently trading at P/E multiple of 13.15 times,
and a book value at a multiple of 1.36.
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