Qatar Industrial Manufacturing Company Q.P.S.C. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021 at 12:07 am IST
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Qatar Industrial Manufacturing Company Q.P.S.C. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was QAR 119.290 million compared to QAR 80.694 million a year ago. Operating income was QAR 18.056 million compared to QAR 6.749 million a year ago. Net income was QAR 34.289 million compared to QAR 17.873 million a year ago. Basic earnings per share from continuing operations was QAR 0.07 compared to QAR 0.04 a year ago. For the half year, sales was QAR 243.574 million compared to QAR 178.559 million a year ago. Operating income was QAR 29.501 million compared to QAR 11.435 million a year ago. Net income was QAR 63.350 million compared to QAR 42.384 million a year ago. Basic earnings per share from continuing operations was QAR 0.13 compared to QAR 0.09 a year ago.
Qatar Industrial Manufacturing Company QPSC is a Qatar-based company engaged, along with its subsidiaries, in industrial manufacturing and various types of industrial investments inside and outside the State of Qatar. QIMC has equity interest in 13 operational projects in various industrial sectors including chemicals, petrochemicals, construction materials and food processing. The Company also investigates the economic feasibility of a number of other projects in collaboration with other local and foreign interested parties. The Company holds 51%-investment in a project, KLJ Organic-Qatar, which is expected to produce Chlorinated Paraffin Waxes (CPW) for the export market. The Companyâs subsidiaries include Qatar Metals Coating Company, National PaperIndustries, Qatar Sand Treatment Plant, Qatar Acids Company and Qatar Paving Stones.