Qatar National Cement Profits in 2016 Rise 2.5% to QR 475.1 Million

 

January 26, 2017                   

 

Qatar National Cement's net profit is QR 475.1 compared to QR 463.5 for the same period of the previous year. Earnings per Share (EPS) amounted to QR 8 against QR 7.80 for the same period of the previous year.

 

 The Group's Comment

 

Qatar National Cement's total income settled at QR473 million in 2016, slightly down compared to the previous year; while other sources of income increased to QR 41.9 million. Expenses went up to QR 46.5 million. Adding the company’s share of profit from other companies worth QR 6.7 million, then the company's profit of this year rises 2.5% to QR 475.1 million, while comprehensive income remains at the level of QR 470.3 million.