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QIMC posts USD38.88m net profit in September

23 Oct 2014

(MENAFN) Qatar Industrial Manufacturing Company (QIMC) revealed the interim financial statements for the period ending in September 30, this year, QNA reported.

The interim financial statements announced a net profit of USD38.88 million for the nine months period ended in September 30, 2014 compared to a net profit of USD40.63 million for the same period last year.

QIMC was established in 1990 with 20 percent for government and 80 percent interests respectively.

The establishment of QIMC was in fact a clear manifestation of the particular attention given by the State of Qatar to the issue of the private sector`s participation in the process of economic development of the country through investing in small and medium scale industries.

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