Mubasher: Medicare Group’s profits hiked 47.5% year-on-year in the fourth quarter of 2017.

Profits amounted to QAR 43.74 million ($12.1 million) in Q4-17 from QAR 29.65 million ($8.2 million) in the same period a year earlier, according to the group’s statement to the Qatar Stock Exchange (QSE).

In 2017, the Qatar-based company’s net profits surged 22.8% to QAR 80 million compared to QAR 65.15 million in the prior year.

Earnings per share (EPS) rose to QAR 2.84 during 2017 from QAR 2.31 in 2016, according to the statement.

During the first nine months of 2017, Medicare’s profits levelled up 2.1% to QAR 36.26 million from QAR 35.5 million in the same period the year before.

Moreover, Medicare’s board has proposed cash dividends of 40% of nominal shares value, equaling QAR 4 per share.