Mubasher: Qatar Industrial Manufacturing Company (QIMC) on Sunday reported a 234.3% year-on-year surge in its profits for the fourth quarter of 2017.
QIMC’s profits amounted to QAR 80.6 million ($22.1 million) in Q4-17, up from QAR 24.1 million ($6.6 million) in the same period a year earlier, according to a statement to the Qatar Stock Exchange (QSE).
During January - December 2017, the Qatar-based company’s profits grew 6.3% to QAR 206.18 million compared to QAR 193.88 million in the year before.
Earnings per share (EPS) amounted to QAR 4.34 in Q4-17 versus QAR 4.08 for the same period last year, according to the statement.
The company’s board recommended the distribution of QAR 142.56 million in cash dividends with a dividend per share of QAR 3 for 2017 profits.
