Qatar Industrial Manufacturing Company (QIMC) has announced its third quarter financial results of 2016. It has achieved a net profit of QRs 163 million, compared to QRs 135 million for the same period in 2015 and Earnings Per Share QRs 3.43 compared to QRs 2.84 for the same period in 2015.

Total shareholders’ equity amounted to 1.516 million riyals compared to QRs 1.479 million for the same period in 2015.

Gross profit rose from Qatari Riyals 46 million to Qatari Riyals 119 million compared to the same period in 2015. Also QIMC’s profit share from associated companies increased from QRs 112 million to QRs 115 million. The company expects an increase in the net profit by the end of 2016.

H.E. Sheikh Abdulrahman bin Mohammed bin Jabor Al- Thani, Chairman of the Board has expressed his sincere thanks and gratitude to H.H. Sheikh Tamim Bin Hamad Al-Thani – Emir of the State of Qatar, H.E. Sheikh Abdulla bin Nasser Al-Thani – Prime Minister and Minister of Interior and the wise Government, for their sustained support and assistance extended to QIMC.