Qatar Industrial Manufacturing Company Discloses Its Financial Statement for The First Quarter 2017

May 01, 2017

Qatar Industrial Manufacturing Company (QIMC) disclosed its audited financial statements for the period ended on 31st March 2017. The statement shows that the net profit is QRs 60,441,885 compared to net profit QRs 54,899,462 for the same period of the previous year.

Earnings per share (EPS) amounted to QRs 1.27 for the period ended 31st March 2017 compared to EPS of QRs 1.16 in the corresponding period last year.

The Group's Comment

Qatar Industrial Manufacturing Company's total profit on sales stood at QR 31.2 million in the first quarter of 2017, despite a decline in the sales in this quarter.  There were other sources of income worth QR 6.3 million; a share of profit on investment in another company worth 39 million, investment returns worth QR4.5 million. Deducting expenses worth QR18.2 million, then net profit made in this quarter increased by 8.1% to QR 62.5 million. Comprehensive income amounted to QR 53.9 million.