Doha – Mubasher: The financial results of Qatar Industrial Manufacturing Company (QIMC) demonstrated that net profit in the fourth quarter of 2015 rose 69% higher year-over-year to QAR 33.8 million ($9.27 million) from QAR20 million ($5.49 million.
FY15 net profit also rose by 4.9% to QAR168.83 million, compared to QAR160.98 million a year earlier.
FY15 earnings per share also edged up to QAR3.55 in 2015, against QAR3.39 in 2014, the company said.
The board of directors recommended distributing cash dividends at 30% of capital, or QAR3 per share, pending the approval of the ordinary general meeting that will be held on 13 March.
