QIMC achieves net profit of QR200m in 2018

Qatar Industrial Manufacturing Company (QIMC), one of the leading diversified industrial groups in Qatar, reported a net profit of QR200m for the financial year 2018 against QR206.1m posted for the same period in 2017.

The Board of QIMC held its first meeting of 2019 yesterday which was presided over by Sheikh Abdul Rahman bin Mohammed bin Jabor Al Thani, Chairman of the Board, and adopted the final consolidated financial statements for the last financial year ended December 31, 2018.

The total equity of the company’s shareholders is QR1.62bn (QR1,628,702,721) compared to QR1.57bn (QR1,575,130,548) for 2017. The EPS has reached QR4.21 compared with QR4.34 for the same period of 2017.

The Chairman also explained that the Board of Directors has agreed to convene the Ordinary and Extraordinary General Assemblies to be held on March 10, 2019 at 4pm in Radisson Blu Hotel, to submit recommendations for the distribution of (25 percent) cash dividend and the adoption of the following agenda. In the absence of quorum, the meeting will be conducted on March 17, 2019 at 4pm at the same venue.


Source from: The Peninsula