DUBAI, Feb 9 (Reuters) - Qatar's Medicare Group, the country's only listed hospital operator, reported a 42.4 percent fall in fourth-quarter net profit on Thursday, according to Reuters calculations.
Net profit fell to 29.7 million riyals ($8.2 million) in the three months ended Dec. 31 from 51.6 million riyals a year earlier.
Reuters calculations based on financial statements in lieu of a quarterly breakdown.
Medicare Group's 12-month net profit fell to 65.2 million riyals from 180.4 million riyals a year ago, a bourse statement said.
Board recommended a cash dividend of 3 riyals per share for 2016. That compares to 5 riyals per share for 2015, according to Thomson Reuters data.
($1 = 3.6411 Qatar riyals)
(Reporting By Tom Arnold; Editing by Amrutha Gayathri) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
Net profit fell to 29.7 million riyals ($8.2 million) in the three months ended Dec. 31 from 51.6 million riyals a year earlier.
Reuters calculations based on financial statements in lieu of a quarterly breakdown.
Medicare Group's 12-month net profit fell to 65.2 million riyals from 180.4 million riyals a year ago, a bourse statement said.
Board recommended a cash dividend of 3 riyals per share for 2016. That compares to 5 riyals per share for 2015, according to Thomson Reuters data.
($1 = 3.6411 Qatar riyals)
(Reporting By Tom Arnold; Editing by Amrutha Gayathri) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
