DOHA: Zad Holding Company has announced a net profit of QR 125 million for the financial year ended December 31, 2013, according to a Qatar Exchange bulletin Wednesday.
This represents a 13.63 percent increase over the net profit of QR 110 million reported in 2012.
The Earnings per Share (EPS) amounted to QR 5.81 in 2013 compared to QR 5.11 in 2012.
The company's board has recommended the distribution of 35 percent cash dividend to its shareholders, subject approval by its general assembly.
Zad Holding Company's subsidiaries include Qatar Flour Mills (QFM), Umm Said Bakery (USB), National Food Company (NFC), Qatar Food Industries, Arzak Marketing Company, Alcat Contracting Company, Alcat Logistics Company and Gulf United Real Estate Investments Company. (QNA)
