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Harrods pays £118m divi to Qatar

A surge in profits at Harrods, the Knightsbridge department store has led to it earning its Qatari owners a £118m dividend.

Recent accounts show that turnover grew by 10% to £843m in the year to February 2014, with pre-tax profits up 24% to £115m. The dividend is almost double the £68.6m paid out the previous year.

The Qatar Holding sovereign wealth fund bought the department store from Mohamed Al Fayed for £1.5bn in 2010.

Daily Telegraph Business, 4

Times, 47

Financial Times, 23

Guardian, 34

 

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