Ezdan Holding net profit up 27.3% for Q4 2015

Qatar's Ezdan Holding Group has reported a 27.3% rise in net profit for the fourth quarter of 2015

Ezdan Holding reported a net profit increase of 27.3% for Q4 2015.
Ezdan Holding reported a net profit increase of 27.3% for Q4 2015.

Qatar's Ezdan Holding Group has reported a 27.3% rise in net profit for the fourth quarter of 2015.

Ezdan made $117.3m (QAR439.7m) in the three months to December 31, according to Reuters calculations based on previous statements as it did not provide a quarterly breakdown. 

This compares with $94.8m (QAR345.3m) in the corresponding period of 2014.

The company, founded and chaired by members of the ruling al-Thani family, made a net profit of $455.8m (QAR1.66bn) in 20915, according to a stock exchange filing.

This was up from $373.4m (QAR1.36bn) in the previous year. 

The company recommedned a cash dividen of $0.14 (QAR0.5) per share for 2015, up from the (QAR0.4) per share proposed payout for 2014, according to bourse data.

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