Wednesday, Mar 21, 2012
DUBAI (Zawya Dow Jones)--Industries Qatar (IQCD.DO), the steel-to-fertilizer conglomerate, said it plans to pay a dividend of 7.5 Qatari riyals ($2.06) a share, after it last month posted a 45% jump in full year net profit.
Industries Qatar said the dividend payout, representing 75% of the nominal share value, was approved at its ordinary general assembly meeting held Monday. It paid QAR5.5 a share for fiscal year 2010, according to Zawya.com data.
The company said in February it expects to make a net profit of QAR8.3 billion and revenues to reach QAR18.3 billion in 2012 on the back of higher earnings at some its units.
Industries Qatar shares last traded down 4% at QAR136.50 in a slightly lower overall market.
-By Tim Falconer, Dow Jones Newswires; +9714 446-1690; tim.falconer@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
21-03-12 0343GMT
DUBAI (Zawya Dow Jones)--Industries Qatar (IQCD.DO), the steel-to-fertilizer conglomerate, said it plans to pay a dividend of 7.5 Qatari riyals ($2.06) a share, after it last month posted a 45% jump in full year net profit.
Industries Qatar said the dividend payout, representing 75% of the nominal share value, was approved at its ordinary general assembly meeting held Monday. It paid QAR5.5 a share for fiscal year 2010, according to Zawya.com data.
The company said in February it expects to make a net profit of QAR8.3 billion and revenues to reach QAR18.3 billion in 2012 on the back of higher earnings at some its units.
Industries Qatar shares last traded down 4% at QAR136.50 in a slightly lower overall market.
-By Tim Falconer, Dow Jones Newswires; +9714 446-1690; tim.falconer@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
21-03-12 0343GMT
