Qatar Oman Investment Co’s profits decline
DOHA: Qatar Oman Investment Co. disclosed its financial statements for the period ended on December 31, 2018. The statements show that the net profit is QR 4.38 million, down 53 percent, compared to net profit amounting to QR 9.33 million for the same period of the previous year.
Earnings per Share (ESP) amounted to QR 0.14. For the period ended on December 31, 2018 compared to ESP amounted to QR 0.30 for the same period of the previous year.
The Board of Directors discussed profit distribution and decided to raise its recommendation to the General Assembly for the approved of the distribution of 3.0 percent cash dividends which represents 30 Dirhams per share.