QIMC Net Profit Rose to QR 170.5 Million in Q3 2018

October 25, 2018

Qatar Industrial Manufacturing Company (QIMC) net profit amounted to QR170.5 million, compared to QR163.5 million for the same period last year, while its earnings per share reached QR3.59, compared to QR3.44 for the corresponding period of 2017.

The Group’s Comments:

QIMC’s gross profit from activity decreased by 8% to QR65.1 million, but other income increased by 47.3% to QR27.1 million. The company’s expenditure stood at QR1.1 million to QR52.4 million. After adding the net profit of QR101.9 million from sister companies, the net profit rose 4.3% to QR170.5 million, and the comprehensive income amounted to QR161.4 million.