QIMC posts QR160.9m profit in 2014

Qatar Industrial Manufacturing Company (QIMC) has posted a net profit of QR 106.9 Million for the financial year ended December 31, 2014 compared with QR 141.6 Million in 2013.
The company's earnings per share (EPS) increased to QR 3.39 compared QR 2.98 for the same period of 2013, QIMC Chairman of Board HE Sheikh Abdul Rahman bin Mohammed Bin Jabor Al Thani said.
QIMC's assets increased to QR 1.732 Billion, an increase of 9.7% compared with 2013 and the total equity of the company's shareholders increased to QR 1.507 Billion compared with QR 1.350 Billion in representing an increase by 11.6%.
The company directors have recommended 30% cash dividend.
QMIC will hold its Ordinary General Assembly meeting March 8 at Radisson Blu Hotel.