Mubasher: National Leasing Holding Company (Alijarah) posted on Thursday a net profit of QAR 113,000 ($30,970) for the fourth quarter of the fiscal year 2016, against a net loss of QAR 45,680 ($12,520) for Q4-15.
Net profit for fiscal 2016 reached QAR 5.17 million, compared to a net loss of QAR 88.15 million for fiscal 2015, according to a bourse filing.
Earnings per share amounted to QAR 0.10 for fiscal 2016 compared to loss per share amounted to QAR 1.87 for the same period of the previous year.
The company’s board of directors submitted a proposal to the general meeting, to be held on 21 February, to distribute cash dividends at QAR 0.5 per share or 5% of the share’s nominal value.
