Doha – Mubasher: Zad Holding Company said Thursday that its profits declined 3.3% year-on-year in the fourth quarter of the fiscal year 2015.

Net profit reached QAR 33.56 million ($9.21 million) in Q4-15, versus QAR 34.7 million ($9.52 million) in the same period of 2014.

Annual profits of 2015 also fell 11.8% to QAR 160.32 million ($44.04 million) from QAR 181.7 million ($49.91) in 2014, according to a bourse filing.

Earnings per share decreased last year to QAR 7.44 ($2.04) from QAR 8.43 ($2.32) in 2014.

The company’s board of directors recommended cash dividends at 40% of the share’s par value or QAR 4 ($1.10) per share.