Qatar Industrial Manufacturing Company Net Profit in Q2, 2017 Rise 16.6% to QR 113.42 Million
Earnings per share stood at QR 2.39
  
July 25, 2017 

 
Net profit for Qatar Industrial Manufacturing Company in the first half of the year increased by 16.6% to QR 113.43 million compared to QR 97.25 million in the corresponding period last year. Earnings per share stood at QR 2.39 compared to QR 2.05 for the same period last year.
 
The Group Securities Comment:
 
Qatar Industrial Manufacturing Company Sales in the first half of the year shrank by 60.8% , accordingly  the total revenue from the company's sales decreased by 37.1% to QR 50.8 million. In contrast Sales cost and general expenses rose by 29.5% to QR 34.2 million and the operating income decreased by 41.2% to QR 23.9 million. However, the company's share in the profits of its associates quadrupled to QR 89 million. The net profit for the period increased 16% to QR 113.4 million. However, with fair value losses, the comprehensive income decreased to QR 90.7 million.