DOHA: Qatar Industrial Manufacturing Company (QIMC) has reported a net profit of QR39m in the first quarter of 2015 (about $10.7m), down by over 15 percent, compared to QR46m (about $12.63m) for the same period in 2014.
The net profit is due to the decrease of profits in QIMC subsidiaries and associates as a result of the inclusion of operating expenses that will not be repeated in the rest of year accounts.
This has reflected on the earnings per share of QR0.82 compared to QR0.97 for the same period in 2014 and the total shareholders’ equity has reached about QR1.41bn compared to QR1.50bn for the same period of 2014.
