CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

Net profits of QIMC, Doha Insurance surge 9.28% and 39.35% respectively

Published: 10 Feb 2023 - 10:31 am | Last Updated: 10 Feb 2023 - 10:31 am

QNA

Doha: The net profit of Qatar Industrial Manufacturing Company (QIMC) rose 9.28 percent during 2022 to reach 152,131,122 in comparison to net profit of QR 139,208,661 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.

In turn, the net profit of the Doha Insurance surged 39.35 percent during 2022 to reach QR 102,105,514 in comparison to net profit of QR 73,269,695 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 percent from the share par value QR 0.15 for each share.