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Feb 10 2013

Al Meera 2012 net profit jumps 36.8% to QR105.7mn

Al Meera Consumer Goods Company has posted a net profit of QR105.7mn in 2012, up 36.8% on the previous year.

The company's revenue reached QR1.5bn in 2012, which is 29.2% higher compared with 2011.

The board of directors at a meeting presided over by Al Meera chairman HE Abdulla bin Khalid al-Qahtani yesterday recommended distributing a cash dividend of QR8 a share, which is equivalent to 80% of the nominal share value.

The Al Meera board took a number of decisions including endorsement of the consolidated financial statements for the financial year ending December 2012, and recommended presenting these accounts to the general assembly meeting that will be held on February 27.

The board of directors has appreciated all those who have contributed to its expansion. "We promise the shareholders with more success in line with company's expansion in the local market and outside Qatar," Al Meera said.

© Gulf Times 2013

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