OREANDA-NEWS. QIMC announced its half year consolidated financial results of 2016. It has achieved a net profit of QRs 97.2 million, compared to QRs 85.4 million for the same period in 2015, an increase of 14% growth, and Earnings Per Share QRs 2.05 compared to QRs 1.79 for the same period in 2015.

Operating profit of the period rose from Qatari Riyals 12.9 million to Qatari Riyals 49.9 million compared to the same period in 2015. Also QIMC’s profit share from associated companies increased from QRs 66.2 million to QRs 68.6 million.

QIMC’s achieved profits exceeded the planned one for the first half of this year. The performance of subsidiaries and associated companies were improved due to the implementation of successful operational plans.

H.E. Sheikh Abdulrahman bin Mohammed bin Jabor Al- Thani, Chairman of the Board has expressed his sincere thanks and gratitude to H.H. Sheikh Tamim Bin Hamad Al-Thani - Emir of the State of Qatar, H.E. Sheikh Abdulla bin Nasser Al-Thani - Prime Minister and Minister of Interior and the wise Government, for their sustained support and assistance extended to QIMC.