Widam Food Q3 profits rise 25%

Doha – Mubasher: Widam Food Company’s profit for the third quarter of the fiscal year 2016 rose by 24.9% to QAR 23.1 million ($6.33 million), versus QAR 18.5 million (%5 million) for Q3-15.

Net profit for the first nine months of 2016 grew by 30.7% to QAR 67.2 million from QAR 51.4 million for the same period last year, according to a bourse filing.

The company earlier reported a net profit of QAR 44.1 million for the first half of 2016, 34% up from QAR 32.9 million for H1-15.

The stock today’s session falling by 0.16% to QAR 64.

Mubasher Contribution Time: 27-Oct-2016 12:23 (GMT)
Mubasher Last Update Time: 27-Oct-2016 12:25 (GMT)