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DOHA: The Medicare Group’s net profits increased by 14.5 percent for the full year 2012 compared to previous year, Sheikh Abdulla Bin Thani Al Thani, Chairman of the Board, announced after the board of directors meeting here yesterday. The Board suggested the distribution of cash dividends of 18 percent with an increase of 64 percent from the year 2011.
The company’s net operational profits recorded QR44.80m compared with QR39.13m for end of year 2011. This was reflected in the earnings per share which yielded QR1.60 per share compared to QR1.39 per share for end of year 2011. The Board decided to hold the Annual General Assembly meeting of the Group in April to decide on distribution of a cash dividends of 18 percent of the nominal share value (i.e. QR1.8 per share).
Abdulwahed Al Mawlawi, Managing Director and CEO of Al Ahli Hospital and Medicare Group, attributed the strong financial results mainly to the opening of new facilities in Al Ahli Hospital.