Qatar Industrial Manufacturing Net Profit in 2016 Rise
15% to QR 193.8 Million
February 13,
2017
Qatar Industrial Manufacturing Company's
profit reached QR 193,9 compared to QR 168,8
for the same period of the previous year.
Earnings per share (EPS) amounted to QR 4.08
compared to QR 3.55 for the same period of
the previous year. Adoption of the Board of
Directors' resolution to distribute (30% of
nominal shares) as dividend for the
financial year ending December 31st, 2016.
The Group's Comment
Qatar Industrial Manufacturing's net profit
from sales increased by 126.9% to QR196.5
million. Total administrative and sales
expenses increased by 33.5% to QR76.9
million. Adding shares of profit from other
companies worth QR134.8 million, compared to
149.4 million last years; and deducting
financing cost, the remunerations of the
board of directors; then the net profit
attributable to shareholders increased by
14.8% to QR193.9 million. Comprehensive
income rose to QR266.3 million.