Qatar Aluminium Manufacturing Company (Qamco) reported a net profit of QR95mn; translating into earnings-per-share of QR0.017 for 2020. The company has proposed a dividend distribution of QR195.3mn, representing a payout ratio of 206% of 2020’s net earnings, equivalent to 3.5% cash dividend or QR0.035 per share. Qamco’s share of revenue amounted to QR2.2bn in 2020. Sales volumes were marginally higher than last year, as its joint venture (JV) swiftly shifted the production to standard ingots (SI), as the demand for value added products (VAP) and alloys used by various industries declined during peak of pandemic due to lockdowns and lack of industrial activity. The channelling of production
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