Dividends Distribution for 2024
QAMCO posts net profit of QR 237 million for the six-month period ended 30 June 2024.
- The Board of Directors decides to distribute interim cash dividend of QAR 0.03 per share, representing payout ratio equivalent to 70% of net income for the period.
- QAMCO’s share of revenue from the JV amounted to QR 1.5 billion for the six-month period ended 30 June 2024.
- QAMCO’s share of EBITDA from the JV stood at QR 495 million, with an EBTIDA margin of 33% in 1H-24, compared to 31% in 1H-23.
- 1H-24 aluminium prices declined compared to 1H-23 amid macroeconomic headwinds; however, average realized prices have increased compared to the previous quarter due to slightly enhanced macro-economic fundamentals.
- Earnings per share amounted to QR 0.042 for the six-month period ended 30 June 2024.
- QAMCO’s closing cash balance (including share of cash in QAMCO’s JV) stood at QAR 2.0 billion as of 30 June 2024.