QIMC reports H1 net profit of QR108.2mn

*Qatar Industrial Manufacturing Company (QIMC) has reported a net profit of QR108.2mn, translating as earnings-per-share of QR2.28 at the end of six months ended June 30, 2018. The decrease in net profit for the first half of this year was on account of low gains from associates, a company spokesman said, adding “it is expected that the company will continue to achieve growth in net profit by the end of the year. Its sales income amounted to QR191.32mn and other income was QR21.26mn; whereas general and administrative costs stood at QR31.9mn. Total assets were valued at QR2.03bn comprising current assets of QR0.31bn and non-current assets of QR1.72bn.