Dubai – Mubasher: Islamic Holding Group posted a 1093.4% year-on-year rise in its profits during the fourth quarter of 2016, according to a bourse statement.

Profits reached QAR 2.9 million ($795,700) in Q4-16, compared to QAR 243,000 ($66,680) in Q4-15.

Profits reached QAR 4.11 million in 2016, down 32.8% from QAR 6.11 million in 2015.

Earnings per share (EPS) reached QAR 0.72 in 2016, compared to QAR 1.53 in 2015.

The board recommended 10% dividends or QAR 1 per share for 2016.