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Qatar's Salam International Investment Q4 profit slips 7 pct
February 7, 2017 / 5:40 AM / in 9 months

Qatar's Salam International Investment Q4 profit slips 7 pct

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)

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