Qatar Industrial Manufacturing Co. Net Profit Drops 2.8% to QR 200.28 Million in 2018

February 10, 2019

Qatar Industrial Industries Company (QIMC) disclosed its financial statements for the period ended 31/12/2018, showing a net profit of QR200.28 million, a decrease of 2.8%, compared to QR206.18 million for the same period last year.

QIMC’s earnings per share reached QR4.21 for the fiscal year ended 31/12/2018, versus QR4.34 for 2017.

The Board recommended the Ordinary and Extraordinary General Assembly of the Company to distribute dividends at a rate of 25%, i.e. QR2.5 per share.

The company’s Board also decided to invite shareholders to convene at 4:00pm on Sunday 10/3/2019 at the Radisson Blu Hotel in Juana Hall. In case the quorum was not completed, the alternative date will be Sunday 17/3/2019, at the same time and venue.