DUBAI, Feb 7 (Reuters) - Qatar’s Salam International Investment reported a 7 percent fall in fourth-quarter net profit on Tuesday, according to Reuters calculations.
Net profit of 44million riyals ($11.7 million) in the three months ending Dec. 31 versus 47.3 million riyals a year earlier.
Reuters calculated based on financial statements in lieu of a quarterly breakdown.
Salam International Investment’s 12-month net profit was 114.2 million riyals, up from 113.1 million riyals a year ago, a bourse statement said.
Salam said its board proposed a cash dividend of 0.8 riyal per share for 2016, down from 1 riyal a year earlier. ($1 = 3.7487 riyals) (Reporting By Tom Arnold; Editing by Gopakumar Warrier)