Doha, Qatar–Qatar Industrial Manufacturing Company (QIMC) has posted a 9.28% increase in net profit during 2022 to reach $42 million in comparison to net profit of $38.24 million for the same period of 2021.
The company figures published on the Qatar Stock Exchange (QSE) website on Wednesday indicated that Earnings per share (EPS) amounted to QR 0.32 as of December 31, 2022 versus Earnings per share (EPS) QR 0.29 for the same period in 2021, in addition to the proposed distributions of QR 0.13 per share.
Also read: Qatar’s economy remains strong despite global crises
In turn, the net profit of the Doha Insurance surged 39.35% during 2022 to reach $28 million in comparison to net profit of $20 million for the same period of the 2021.
The company figures published on the QSE website indicated that the company’s EPS amounted to QR 0.20 as of December 31, 2022 versus the EPS of QR 0.15 for the same period in 2021.
The Board of Directors has also decided to submit a proposal to the General Assembly in its upcoming meeting to ratify a distribution of cash dividends of 15% from the share par value QR 0.15 for each share.
