The Peninsula
DOHA: Qatar Industrial Manufacturing Company (QIMC) has reported a net profit of QR108.2m for the first half of this year (H1, 2018) marginally down by QR5.2m compared to QRs 113.4m posted for the corresponding period in 2017. Earnings per Share (EPS) stood at QR2.28 compared to QR2.39 for the same period in 2017.
The decrease in net profit for the first half was attributed to the Company’s share in the low profits of an associate. It is expected that the company will continue to achieve growth in net profits by the end of the year, God willing.
The company is proud to contribute effectively to Qatar’s self-sufficiently through its diverse products such as building materials, chemicals, plastics, paper products and food.
Sheikh Abdulrahman bin Mohammed bin Jabor Al Thani, (pictured) Chairman of the Board of QIMC has expressed his sincere gratitude to the country’s leadership and the government’s sustained support and assistance extended to QIMC.
Credit: The Peninsula Qatar
URL:https://www.thepeninsulaqatar.com/article/27/07/2018/QIMC-reports-QR108.2m-net-profits-for-H1,-2018