Mubasher: Aamal Company on Wednesday posted a 22.1% year-on-year profit decline for the fourth quarter of 2018.
The Qatari firm’s profits registered QAR 240.2 million ($66.4 million) in Q4-18, compared to QAR 308.5 million ($85.3 million) in the year-ago period, according to the company’s statement to the Qatar Stock Exchange (QSE).
For the full-year 2018, Aamal’s profits dropped 17.4% to QAR 347.6 million, against QAR 421 million in the prior year.
Earnings per share (EPS) amounted to QAR 0.71 in the 12-month period ended last December, against QAR 0.8 for the previous year.
Aamal’s board of directors recommended a cash dividend distribution of 6% of the share’s nominal value, or QAR 0.6 per share.
During the first nine months of 2018, the Qatar-based company’s profits tumbled 4.5% to QAR 107.4 million, compared to QAR 112.5 million in the corresponding period a year earlier.
Aamal’s stock rose 3.05% to close at QAR 9.79 on Wednesday.
