QIMC posts net profit of QR206.1mn for last year

Qatar Industrial Manufacturing Company (QIMC) has posted a net profit of QR206.1mn in 2017 compared with QR193.8mn for the same period in 2016.The total equity of the company stood at QR1,575,130,548 in 2017, compared with QR1,554,552,601 in the previous year. The company results were announced after a meeting of its board of directors presided over by chairman Sheikh Abdul Rahman bin Mohamed bin Jabor al-Thani.The earnings per share (EPS) has reached QR4.34 in 2017 compared with QR4.08 in 2016.Sheikh Abdul Rahman said the QIMC Board of Directors has agreed to convene the Ordinary and Extraordinary General Assemblies to be held on March 11 at 6pm at the Radisson Blu Hotel Doha (Giwana Ballroom) to submit recommendations for the distribution of (30%) cash dividend and the adoption of various other items on the agenda. In the absence of a quorum, the meeting will be conducted on March 18 at 6pm at the same venue.Sheikh Abdul Rahman expressed his deep gratitude for the kind patronage and continuous support of His Highness the Emir Sheikh Tamim bin Hamad al-Thani and HE the Prime Minister and Minister of Interior Sheikh Abdulla bin Nasser Khalifa al-Thani.