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Medicare Group Oks QAR 4/shr dividends for 2017

Medicare Group Oks QAR 4/shr dividends for 2017
Medicare Group's profits grew 22.8% to QAR 80 million in 2017
Medicare
MCGS
-0.25% 4.04 -0.01

Mubasher: Medicare Group on Wednesday unveiled that its general assembly approved distributing cash dividends of QAR 4 per share, equals 40% of the share nominal value for 2017.

Over the full year 2017, the company’s profits grew 22.8% to QAR 80 million from QAR 65.15 million a year earlier, according to a filing to the Qatar Stock Exchange (QSE).

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