Widam Discloses
Interim Financial Statement for Three-Month Period Ended March
31, 2017
April 27, 2017
Widam Food Company
disclosed the interim financial statement for the three-month
period ended March 31, 2017. The statements shows that the net
profit is QR 22,950,491 Compared to net profit amounting to QR
19,781,499 For the same period of the previous year.
The Earnings per Share
(EPS) amounted to QR 1.28 For the period ended March 31, 2017 to
EPS amounted to QR 1.10 for the same period of the previous
year.
The Group's
Comment
Widam Food Company's loss
on meat sales dropped by 21.8% to QR40.6 million. The government
subsidy fell by 7.6% to QR74.6 million. In contrast, public and
administrative expenses increased by 37.2% to QR 12.9 million.
As result, net profit posted in this period rose by 16% to QR
22.95 million.
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