Doha - Mubasher: The financial statements of Zad Holding Company showed a 26.7% retreat in net profits for the fourth quarter of 2016.

Profits totalled QAR 24.59 million ($6.75 million) in Q4-16 compared to QAR 33.54 million ($9.20 million) in Q4-15, according to the company’s statement to the Qatar Stock Exchange (QSE).

Net annual profits also grew by 4.6% to QAR 167.6 million in the last year, up from QAR 160.3 million in 2015.

Return on equity (R/E Ratio) reached QAR 7.78 compared to 7.44 in the same period the year before.

The company’s board has recommended the distribution of cash dividends at QAR 4.5, or 45% of the capital, with a total value of QAR 96.95 million.