Widam, Qatar Cement, UDC and Aamal Post Combined H1 Net Profit of QR 723.4 Million

Doha, July 31 (QNA) - Four Qatar Exchange listed companies Widam Food Company, Qatar National Cement Company (QNCC) , United Development Company (UDC) and Aamal have all reported increase in net profits with good performances in 2013 first half ending June 30. The combined net profit for 2013 first half of the four companies aggregated to QR 723.4 Million up 5.42% from QR 686.2 reported for the same period in 2012. Widam Food Company, previously known as Mawashi, has reported a net profit of QR 32.4 Million compared to QR 41.7 Million for the same period in 2012. The company's Earning per Share (EPS) was QR 1.80 as of June 30 compared to QR 2.32 for the corresponding period in 2012. QNCC reported a net profit of QR 235.6 Million compared to QR 225.3 Million reported for the same period in 2012. The cement giant's Earning per Share (EPS) was QR 4.80 as of June 30 compared to QR 4.59 for the corresponding period in 2012. UDC has announced a net profit of QR 325.4 Million compared to QR 298.7 Million reported for the same period last year. The real estate, property management, IT, hospitality and leisure company's Earning Per Share (EPS) was QR 0.96 compared to QR 0.89 for the corresponding period in 2012. One of the GCC's fastest growing diversified companies, Aamal's H1 net profit was up by 8.9% to QR 130 Million from QR 119.5 Million reported for the same period in 2012. The company's Earnings Per Share was up 30.1% to QR 0.22 from QR 0.175 reported for the same period in 2012. Commenting on Aamal's first half performance Chairman HE Sheikh Faisal bin Qassim Al Thani said, "The first six months of the year has seen growth in earnings per share in excess of 30%. "This highly impressive rise in profits attributable to Aamal's shareholders is made up of solid growth of almost 9% in net profit for the company overall, complemented by a significant fall in net profit attributable to non-controlling interests compared to the previous year. With such a stable growth engine, Aamal is well-positioned to build on its existing strong market positions and strengths through capitalizing fully on opportunities that are constantly being identified and appraised." (QNA)