Qatar Industrial Manufacturing Reports QR40.4 Million in Net Profit

Doha, April 22 (QNA) - Qatar Industrial Manufacturing Company disclosed the interim financial statement for the three month period ended March 31, 2013. The financial statements revealed a net profit of QR 40.4 Million in comparison to QR 52 Million for the corresponding period in 2012, the company said in a statement. The Earnings per Share (EPS) amounted to QR 1.02 as of March 31, 2013 versus QR 1.31 of the same period in 2012. Qatar Industrial Manufacturing Company (QIMC) was established in 1990 with 20%:80% government-private equity interests respectively. The Company invests in small-and medium-sized industrial companies in such sectors as chemicals, sand treatment, steel, paper and food processing. (QNA)