FINANCIAL NEWS

Qatar-Widam Food Co. posts QR54.1mn revenue in Q1

20 Jul 2017

(MENAFN) Widam Food Co. recorded revenue of QR54.1mn for the Jan-June period of this year, up by 22.5 percent compared to QR44.1mn posted for the same period of 2016.

Moreover, earnings per share of the firm reached QR3.01 for the period ended June 30, this year against QR2.46 amid the same period of last year.

Accordingly, this year has been an exceptional year for the firm, which has viewed a sharp increase in its revenue, with the whole net profit for the period reaching QR54.1mn.

Additionally, it also has enhanced its capacity to meeting the local demand for red meat by growing its production capacity and reducing cost to achieve the strategic objective of attaining food security.

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MENAFN2007201700450000ID1095641251

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