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Business, Economy

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Qatar Industrial Co. posts net profit of $38m in 2021

Qatar Industrial Manufacturing Co. was established in 1990 (Representational image)
By TRENDS Desk
February 8, 2022 11:59 pm
  • The company disclosed the interim financial statement for the 12-month period ending Dec. 31, 2021
  • Qatar Industrial Manufacturing Co. was established in 1990 with a capital of QR 475.2 million

Qatar Industrial Manufacturing Co. has reported a net profit of  $38m for 2021 in comparison to net profit of $23m for the same period of the previous year.

The company disclosed the interim financial statement for the 12-month period ending Dec. 31, 2021.

The Earnings per share (EPS) amounted to QR 0.29 as of Dec. 31, 2021 versus Earnings per share (EPS) QR 0.18 for the same period in 2020.

The Board of Directors recommended the distribution of cash dividends to shareholders at the rate of QR 0.12 per share.

Qatar Industrial Manufacturing Co. was established in 1990 with a capital of QR 475.2 million ($130.51million).

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