39 million Riyals profits for QIMC in 3 months
Qatar Industrial Manufacturing Company (QIMC) has announced its quarterly financial results for the first quarter of 2015. It has achieved a net profit of QR 39 million, compared to QR 46 million for the same period in 2014. The decrease of net profit is due to the decrease of profits in subsidiaries and associates as a result of the inclusion of operating expenses that will not be repeated in the rest of year accounts. This has reflected on the earnings per share of QR 0.82 compared to QR 0.97 for the same period in 2014 and the total shareholders’ equity has reached QR 1,409 million compared to QR 1,502 million for the same period of 2014.