Mazaya net profit up 53.13pc to QR134m in 2013

March 24, 2014 - 12:11:05 pm

DOHA: Mazaya Qatar Real Estate Development Company has reported a net profit of QR 134 million and recommended 7.5 percent cash dividend for the financial year-ended December 31, 2013, according to a Qatar Exchange notification Monday.

This figure represents 53.13 percent increase over the net profit of QR 62.8 million reported in 2012.

The real estate company's Earnings per Share (EPS) amounted to QR 1.34 in 2013 compared to QR 0.63 in 2012.

The proposed cash dividend of 7.5 percent, QR 0.75 for every share, is subject to the General Assembly's approval. (QNA)