Qatar Industrial Manufacturing Company Q.P.S.C. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 29, 2022 at 12:12 am IST
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Qatar Industrial Manufacturing Company Q.P.S.C. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was QAR 195.11 million compared to QAR 119.29 million a year ago. Net income was QAR 49.7 million compared to QAR 34.29 million a year ago. Basic earnings per share from continuing operations was QAR 0.1 compared to QAR 0.07 a year ago.
For the six months, sales was QAR 315.96 million compared to QAR 243.57 million a year ago. Net income was QAR 90.47 million compared to QAR 63.35 million a year ago. Basic earnings per share from continuing operations was QAR 0.19 compared to QAR 0.13 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.