Mazaya 2012 Net Profit up 28.57% to QR 49 Million

Doha, February 6 (QNA) - Mazaya Qatar Real Estate Development audited net profit of QR 63 Million, for the financial year ended December 31, 2012, is an increase by 28.57% over the figure of QR 49 Million achieved in 2011, a Qatar Exchange notification said Wednesday. The real estate company's Earnings Per Share amount increased to QR. 0.63 for 2012 compared to QR. 0.49 in 2011. The company's Board has recommended the distribution of 6% cash dividend or 3.6 dirhams of the share's par value of 60 dirhams, subject to the approval of the company's Annual General Meeting to be held at Qatar National Conventional Centre (Hall 1) at 4:00 pm on March 11 next month. In the absence of a quorum, the meeting will be held again on March 18 at the same time and venue. (QNA)