05/02/2015 08:59 AST
Qatari Investors Group discloses the financial statements for the year ended December 31, 2014. The financials revealed a net profit of QR 227.1 Million in 2014 versus QR 220.6 Million in 2013 and the Earnings per Share (EPS) amounted to QR 1.83 in 2014 compared to QR 1.77 in 2013. The Board recommended distribution of Cash Dividends of 7.5% from the share par value, i.e. QR. 0.75 for each share. This recommendation will be raised to the Ordinary-General Assembly meeting which will take place at Al Mirqab Hall, Four Seasons Hotel on Monday, 23rd February, 2015 at 4:00pm. In case a quorum is not met, the Extra-ordinary General Assembly meeting will be held on Sunday, 1st March 2015 at 4:00pm on the same venue.
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Higher cost of revenue and general and administrative expenses led Qatari Investors Group to report a 4% decline in net profit to QR173.86mn in the first nine months of this year.
Revenue
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