Qatar Cement registered a decline of 31.2% in profits in FY17
National Cement
QNCD
QNCD
Mubasher: The ordinary general meeting (OGM) of Qatar National Cement approved on Sunday the board’s recommendation of distributing 45% of par value as cash dividends for fiscal year 2017.
The cement producer will pay QAR 4.5 per share to the entitled shareholders, according to a bourse filing to the Qatar Stock Exchange (QSE) on Monday.
In FY17, the Qatar-based firm registered a decline of 31.2% in profits to QAR 326.92 million compared to QAR 475.1 million in FY16.
Source:
Mubasher
