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Qatari Investors Group FY14 profit grows

Qatari Investors Group FY14 profit grows
Photo Credit: Arabianeye-Reuters
Investors
QIGD
-1.57% 1.56 -0.03


Qatari Investors Group announced its financial statements to Qatar Exchange (QE) for the fiscal year 2014, during which it reported a profit rise by 3% to QAR 227.1 million compared to JOD 220.6 million during the fiscal year 2013.


Moreover, earnings per share (EPS) registered an increase by 3.4% to QAR 1.83 during the period, compared to QAR 1.77.


The Group’s profit grew 4% to QAR 173.8 million during the first nine months of 2014.


The Board of Directors has recommended distributing cash dividends of 7.5% (QAR 0.75 per share). 


In addition, the Group scheduled its ordinary general meeting to be held on February 23 to discuss the Board’s proposal. The meeting will be postponed to March 1 in case of an incomplete quorum.