Doha – Mubasher: Qatar for Cinema and Film Distribution’s (Qatar Cinema) financial statements showed a fall of 20.1% year-on-year in the company’s profit in the first quarter of fiscal 2016.

Net profit reached QAR 3.42 million ($939,000) in Q1-16, versus QAR 4.28 million ($1.18 million) in Q1-15, according to a bourse filing released on Sunday

Earnings per share decreased in the January-March period of 2016 to QAR 0.54 ($0.54) from QAR 0.68 ($0.19) in the same period of 2015.

QCFS earlier reported a net profit of QAR 14.33 million ($3.93 million) in 2015, 16.2% up from QAR 12.33 million ($3.38 million) in 2014.

The Qatar-listed company’s shareholders approved cash dividends at 15% of the share’s par value or QAR 1.5 ($0.41) for the fiscal year 2015.