Qatar Industrial Manufacturing Reports QR206 Million in Net Profit

Doha, February 06 (QNA) - Qatar Industrial Manufacturing Company has disclosed the financial statements for the year ended December 31, 2011. The financial statements revealed a net profit of QR 206 Million in 2011 compared to QR 202 Million in 2010, the Company said in a statement published on the (Qatar Exchange) website. The Company's Earnings per Share (EPS) in 2011 amounted to QR 5.21 versus QR 5.12 in 2010. The board of Directors recommended to distribute cash dividend of 30% equivalent to 3 QR per share. Qatar Industrial Manufacturing Company (QIMC) was established in 1990. QIMC has equity interest in 13 operational projects in various industrial sectors including chemicals, petrochemicals, construction materials and food processing. (QNA)