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Qatari film distributor QCFS sets 15 Feb for general meetings

Qatari film distributor QCFS sets 15 Feb for general meetings
Photo credit: Arabianeye - Reuters
Cinema
QCFS
8.43% 2.57 0.20

Doha – Mubasher: Qatar for Cinema and Film Distribution Company (QCFS) announced on Monday that its ordinary and extraordinary general meetings will be held on 15 February to discuss a proposal to distribute cash dividends at 15% for 2015.

The company said that the OGM will discuss the balance sheet and the profit and loss account for 2015, while the EGM will look into a statute amendment.

QCFS, Qatar-based cinema movies importer and distributer, set 22 February as an alternative date in case the quorum is not present.

The company earlier posted a net profit of QAR 14.33 million in 2015, 16.2% higher compared to QAR 12.33 million in 2014.