ID :
336114
Tue, 07/22/2014 - 16:43
Auther :

QIMC Net Profit for H1 Dips Slightly to QR 80.4 Million

Doha, July 22 (QNA) - Qatar Industrial Manufacturing Company (QIMC) has announced a net profit of QR 80.4 million, marginally low compared to QR 80.7 for the same period last year. The company's Earnings per Share (EPS) amounted to QR 1.69 compared to QR 1.7 for the corresponding period in 2013. The total shareholders' equity was QR 1.487 Billion compared to QR 1.409 Billion in 2013. QIMC said it expects to achieve a profitable growth in the next half of 2014. Set up in 1990, QIMC's equity share is split 20:80 between government-private entities. The company's initial authorized capital was QR 200 million and was fully paid by 2002. The company board increased its capital by 50 percent to QR 300 million in 2006. (QNA)

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