Al Meera Consumer Goods Company (QSC) has reported a net profit of QR199.2 million in 2016 compared to to QR162.1 million in 2015. According to a company statement issued to the Qatar Stock Exchange, the company's earnings per share (EPS) amounted to QR9.96 for 2016 compared to QR8.10 in 2015. The board has recommended a dividend distribution of QR9 per share. (tnn)
Community shopping centers represent an important element in the growth and development strategy that Al Meera Consumer Goods Company is pursuing. The retailer plans to setup of 14 new shopping centers spread across the country; a result of research to keep pace with Qatar's urban planning, which has extended to new areas and others that have recently witnessed a population boom.