Widam Food Announces its Financial Results for First Quarter of 2013

Doha, April 29 (QNA) - Widam Food, Qatars premium meat provider, announced today its financial results for the first quarter of the year 2013 with sales increasing by 19.5%with net profits reaching QAR 20,699,892 compared with QAR 20,337,356 for the same quarter last year. EPS (Earning per Share) also increased to reach QAR 1.15, compared with QAR 1.13 per Share with the same quarter last year, the company said in a statement. Managing Director and Chief Executive Officer of Widam Food Ahmed Nasser Sraiya Al Kaabi said: "Such positive results are a strong testament to the companys continued investments to grow its business, expand its workforce, and tap into new industries. This level of increase also reflects our expenditures to upgrade our facilities and business units and therefore enhance the companys performance across the board." "Additionally, the results reflect our steadfast efforts to maintain, for the time being, what we have achieved so far over the past few years and this includes Widam Foods track record which is earmarked with the highest levels of success the company has witnessed to date. We are confident that our new projects will lead to further growth in the future."(QNA)