Medicare Group to Disburse 18% Cash Dividend

Doha, February 18 (QNA) - Medicare Group is to disburse 18% cash dividend of its share's par value of QR 1.8 riding on 12.7% growth in its net profit to QR 44.81 Million at the financial year ended December 31, 2012, according to a Qatar Exchange notification Monday. The dividend disbursal is pending approval of its shareholders. The group's net profit at the end of 2011 was QR 39.12 Million. The group's Earnings Per Share in 2012 amounted to QR 1.59 compared to QR 1.39 in 2011, Medicare Chairman Sheikh Abdulla bin Thani Al Thani announced after the board meeting. The profits were attributed to the increase in the group's capacity, new departments and appointments of physicians. (QNA)