Operational profits up at QIMC

Qatar Industrial Manufacturing (QIMC) has reported net profits of QR80.9m for the first half of 2009. Operational profits rose 25% compared to the corresponding period last year. QIMC additionally said it plans to launch QR373m worth of projects during the current year. CEO Abdul Rahman bin Abdulla Al Ansari said the company is reviewing the economic viability of some projects, but added that its aluminium plant, which is due to begin operations in the third quarter of 2010, is expected to have a positive impact on QIMC's performance. Currently, QIMC has 15 industrial projects worth QR600m.

Posted on Wednesday, August 5-2009

News provided by: AME Info