Qatar Industrial Manufacturing Company Q.P.S.C. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 29, 2021
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Qatar Industrial Manufacturing Company Q.P.S.C. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was QAR 118.09 million compared to QAR 99.43 million a year ago. Net income was QAR 33.41 million compared to QAR 17.15 million a year ago. Basic earnings per share from continuing operations was QAR 0.07 compared to QAR 0.04 a year ago.
For the nine months, sales was QAR 361.66 million compared to QAR 277.99 million a year ago. Net income was QAR 96.76 million compared to QAR 59.54 million a year ago. Basic earnings per share from continuing operations was QAR 0.2 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.