QATAR: Financial Statement of Al Meera Consumer Goods Company

H.E.Abdulla Bin Khalid AlQahtani Chairman of the Board at Al-Meera
H.E.Abdulla Bin Khalid AlQahtani Chairman of the Board at Al-Meera

The Board of Directors of Al Meera Consumer Goods Company held its first meeting of financial year 2013on Saturday 9th February 2013 which was chaired by His Excellency Abdulla bin Khalid Al Qahtani. The Board took a number of decisions including endorsement of the consolidated financial statements for the financial year ending 31 December 2012, and recommended presenting these accounts to the General Assembly meeting to be held on 27 February 2013.

The net profit for the year attributable to owners of the Company is QR 105,755,855 which is 36.8% higher than the previous year. The Board has recommended distributing a cash dividend of QR 8 per share, which is equivalent to 80% of the nominal share value. Notably, the Company’s revenue reached QR1.504 billion, which is 29.2% higher than 2011.

The Board of Directors extends its appreciation to all those who have contributed to its expansion. We promise the shareholders with more success in line with company’s expansion in the local market and outside Qatar.

Source: Caye Global News, Gulf Times

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