Doha – Mubasher: Ezdan Holding Group’s net profit for the fourth quarter of fiscal year 2016 rose 18.2% to QAR 520 million ($142.7 million), versus QAR 440 million ($120.7 million) for Q4-15.

Net profit for FY16 amounted to QAR 1.81 billion, 12.5% up from QAR 1.66 billion for FY15, according to a bourse filing released on Wednesday.

Earnings per share reached QAR 0.68 for 2016, compared to QAR 0.63 for 2015.

The company’s board recommended distributing cash dividends of QAR 0.50 per share for the year which ended on 31 December 2016.