Mubasher: Investment Holding Group on Tuesday announced that its profits for the fourth quarter of 2017 declined 24.9% year-on-year.

Net profits reached QAR 10.22 million ($2.80 million) in Q4-17, compared to QAR 13.61 million ($3.74 million) in Q4-16, according to the company’s statement to the Qatar Stock Exchange (QSE).

Over the full year 2017, the company’s profits decreased 10.9% to QAR 40.71 million from QAR 45.73 million in 2016.

Earnings per share (EPS) amounted to QAR 0.49 for the year ended 31 December 2017 versus QAR 0.55 for the prior year.

Moreover, the board recommended distributing cash dividends of 2.5% of the company’s share capital to the shareholders.