DOHA: Qatar Industrial Manufacturing Company (QIMC) has reported a net profit of QR50.8m for the first quarter of 2018 (Q1, 18), down from QR60.4m recorded a year ago.
The company’s earnings per share stood at QRs 1.07 compared to QRs 1.27 for the same period in 2017.
Announcing the financial results, QIMC Chairman Sheikh Abdulrahman bin Mohamed bin Jabor Al Thani said the decrease in net profit for the first quarter is due to non-recurring expenses and the Company’s share in the low profits of an associate. It is expected that the company will continue to achieve growth in net profits by the end of the year.
