ID :
159166
Mon, 02/07/2011 - 13:38
Auther :
Shortlink :
https://www.oananews.org//node/159166
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Quatar's NLHC Company Declares Net Profit of QR 179.83m
Doha (QNA) - Alijarah or National Leasing Holding Company (NLHC) today announced a net profit of QR179.83 million for the financial year ended December 31, 2010 compared to QR 90.21 million for the same period for 2009, following its annual general meeting here.
The board of directors approved the proposal to distribute 30% cash dividends to shareholders, at the rate of QR 3 per share, amounting to a total of QR 98.96m. The board also decided to set an amount of 0.516 dirhams per share for Zakat, the company said in media statement.
The company's total assets in 2010 expanded by 13% at QR 2,027m compared to QR 1,789m for the same period last year.
The total revenue was QR 458m compared to QR 214m for 2009 - an increase of 113%. The operating income was QR 428.28m compared to QR 184.42m - an increase of 132% over the previous year.
The total equity was QR 649m compared to QR 539m for 2009 - an increase of 20%. The above achievements reflected positively on the earnings per share for the year which was at QR 5.45 per share, compared to QR 2.74 per share, for 2009, the statement said.
NLHC Chairman Sheikh Falah bin Jassim bin Jabr Al Thani who presented the financial report to the assembly said 2010 was a special year as business flourished despite the global downturn. He was optimistic about Alijarah's prospects for 2011.
"We have identified our targets carefully for the year 2011 and we believe with the help of the established policies and procedures, we can succeed by providing new and innovative solutions commensurate with the aspirations of the customers and shareholders and improve the confidence of the customers and shareholders," said Sheikh Falah.
The board of directors approved the proposal to distribute 30% cash dividends to shareholders, at the rate of QR 3 per share, amounting to a total of QR 98.96m. The board also decided to set an amount of 0.516 dirhams per share for Zakat, the company said in media statement.
The company's total assets in 2010 expanded by 13% at QR 2,027m compared to QR 1,789m for the same period last year.
The total revenue was QR 458m compared to QR 214m for 2009 - an increase of 113%. The operating income was QR 428.28m compared to QR 184.42m - an increase of 132% over the previous year.
The total equity was QR 649m compared to QR 539m for 2009 - an increase of 20%. The above achievements reflected positively on the earnings per share for the year which was at QR 5.45 per share, compared to QR 2.74 per share, for 2009, the statement said.
NLHC Chairman Sheikh Falah bin Jassim bin Jabr Al Thani who presented the financial report to the assembly said 2010 was a special year as business flourished despite the global downturn. He was optimistic about Alijarah's prospects for 2011.
"We have identified our targets carefully for the year 2011 and we believe with the help of the established policies and procedures, we can succeed by providing new and innovative solutions commensurate with the aspirations of the customers and shareholders and improve the confidence of the customers and shareholders," said Sheikh Falah.
