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FINANCIAL NEWS
QIMC Qatar Co. annual revenue grows 4.9 percent
09 Feb 2016
(MENAFN) Qatar Industrial Manufacturing Co. (QIMC) proclaimed its net income for 2015 of USD 46.35mn for the whole year ended Dec 31, which increased by 4.9 percent to USD 44.19mn in 2014.
Furthermore, its assets grew to USD 0.51bn with an increase of 6.7 percent compared to a year earlier and the whole equity of the firm’s shareholders was USD 0.41bn.
Accordingly, the Board of Directors confirmed to convene the Ordinary General Assembly to take place on March 13, to submit recommendations for the distribution of 30 percent.
Additionally, the major agenda of the meeting involve hearing of the Board of Director’s report, its fiscal situation for the financial year ending Dec 31, 2015.
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