DOHA: Qatar Cinema and Film Distribution Company net profit for the year ended December 31, 2012 was down to QR 12.76 Million compared to the QR 13.37 Million in 2011.
The company’s earnings per share (EPS) in 2012 amounted to QR 2.23 versus QR 2.34 in 2011, according to a Qatar Exchange notification Thursday.
The company's Board of Directors have recommended a cash dividend distribution of 20% or QR 2 per share and to issue 30% shares for subscription at the par rate of QR 10 plus a premium of QR 18.
Qatar Cinema and Film Distribution Company is the principal company in the field of arts and cultural entertainment in Qatar. It was established in 1970 by a group of Qatari contributors. (QNA)