By: Eslam Salem
Doha – Mubasher: Qatar Industrial Manufacturing Company (QIMC) is looking forward to expand its export lines into Africa and Asia this year, CEO Abdul Rahman Al Ansari told Mubasher on Monday.
“We are currently planning to enter a number of African and Asian countries which will be announced after finishing the necessary studies,” Al Ansari said on the side lines of the Project Qatar 2016 exhibition for construction technology and building materials.
Al Ansari didn't mention either the number of countries or their names.
Commenting on the company’s new stores in Ras Laffan city, the CEO said that the first phase of establishing the project’s infrastructure was finished. “We are seeking to complete the entire project ahead of schedule,” he added.
Al Ansari expected the company’s profits for the second quarter to stay flat at Q1 levels.
QIMC’s Q1 profits rose 40.6% year-on-year to QAR 55 million.
Today, the stock reached QAR 39 after 12,200 shares worth QAR 474,700 were exchanged.
Translated by: Elwy el-Manzalawy
