DOHA: Qatar Industrial Manufacturing Company (QIMC) has announced the financials for 2015 and reported a net profit of QR168.8m ($46.35m) for the full year ended December 31. The Group’s net profit increased by 4.9 percent in 2015 compared to QR160.9m ($44.19m) in 2014.
The company’s assets has increased to QR1.85bn with an increase of 6.7 percent compared to the previous year and the total equity of the company’s shareholders was QR1.49bn compared to QR1.51bn for 2014. The earnings per share (EPS) has reached QR3.55 compared to QR3.39 for the same period of 2014.
Sheikh Abdul Rahman bin Mohammed bin Jabor Al Thani, Chairman of the Board of Directors, presided over the first meeting of QIMC this year held on February 7. In the meeting, the Board adopted the final consolidated financial statements for the year ending.
He also explained that the Board of Directors has agreed to convene the Ordinary General Assembly to be held on March 13 (Sunday) at 4pm in Radisson Blu Hotel to submit recommendations for the distribution of (30 percent) cash dividend and the adoption of the agenda of the meeting.
The main agenda of the meeting include hearing of the Board of Directors’ report on the company’s activities, its financial position for the financial year ending December 31, 2015; its future development plans; appointment of external auditors for the financial year 2016 and determination of their remuneration; and election of board of directors for the next three years (2016 – 2018).
