50.8 million Riyals profits for QIMC in 3 month
QIMC Chairman Sh. AbdulRahman Bin Mohamed bin Jabor Al-Thani has announced its first quarter consolidated financial results of 2018. It has achieved a net profit of QRs 50.8 million, compared to QRs 60.4 million for the same period in 2017, and Earnings Per Share QRs 1.07 compared to QRs 1.27 for the same period in 2017.
The decrease in net profit for the first quarter is due to non-recurring expenses and the Company’s share in the low profits of an associate. It is expected that the company will continue to achieve growth in net profits by the end of the year, God willing.
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.