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Salam International FY14 profit drops

Salam International FY14 profit drops
Photo Credit: Arabianeye-Reuters
Al Salam International
SIIS
0.63% 0.64 0.00


Salam International Investment announced its financial results to the Qatar Exchange for the fiscal year ending December 31, 2015, during which it reported a profit drop by 31.2% to QAR 78.3 million compared to QAR 113.8 million during the same period of 2013.

 

Earnings per share (EPS) reached QAR 0.69 during the period, compared to QAR 1.


Earlier, Salam International has announced in a bourse filing to QE that its Board of Directors proposed distributing cash dividends of 6% (QAR 0.60 per share).


It is worth highlighting that the Company has decided to hold its annual ordinary general meeting on February 25, 2015.