Qatar
Industrial Manufacturing Co. Net Profit Falls to QR50.82 MM in
Q1 2018
April 29, 2018
Qatar Industrial Manufacturing Co. (QIMC) net
profit amounted to QR50.82 million in the first quarter of 2018,
compared to QR60.44 million for the same period last year.
QIMC’s earnings per share recorded QR1.07, versus QR1.27 for the
corresponding period of 2017.
The Group’s
Comments:
The company’s total conversion profit from
sales in the first quarter decreased by 17.3% to QR25.8 million,
and total expenses decreased by 5% to QR17.2 million. Other
incomes decreased by 12.4% to QR43.6 million, including other
income from investments in other companies. As a result, the net
profit decreased by 15.9% to QR50.8 million and the
comprehensive income fell by 29.1% to QR38.2 million.
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