DOHA: Widam Food, Qatar’s premium meat provider, announced yesterday that its sales surged by 19.5 percent for the first quarter of 2013. The net profits reached QR20.69m compared with QR20.33m for the same quarter last year.
EPS (earnings per share) also increased to reach QR1.15, compared with QR1.13 per share during the same quarter last year.
Ahmed Nasser Sraiya Al Kaabi (pictured), Managing Director and Chief Executive Officer of Widam Food, said: “Such positive results are a strong testament to the company’s continued investments to grow its business, expand its workforce, and tap into new industries. This level of increase also reflects our expenditures to upgrade our facilities and business units and therefore enhance the company’s performance across the board.”
“Additionally, the results reflect our steadfast efforts to maintain, for the time being, what we have achieved so far over the past few years and this includes Widam Food’s track record which is earmarked with the highest levels of success the company has witnessed to date. We are confident that our new projects will lead to further growth in the future.”
The Peninsula
