Tuesday, Feb 14, 2012
DUBAI (Zawya Dow Jones)--Steel-to-fertilizer conglomerate Industries Qatar (IQCD.DO) reported a 45% jump in full-year 2011 net profit to 7.93 billion Qatari riyals ($2.18 billion), from QAR5.48 billion a year earlier.
The company's revenues in 2011 reached QAR16.55 billion, up from QAR12.33 billion in the year earlier period, Industries Qatar said in a statement posted on its website.
The company's board of directors has proposed a final dividend distribution of QAR7.50 per share for the year ended Dec. 31, 2011, the statement added.
Industries Qatar shares closed down 0.3% at QAR134 Monday.
-By Nikhil Lohade, Dow Jones Newswires, +9714 446 1694, nikhil.lohade@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
14-02-12 0642GMT
