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Qatar Industrial Manufacturing Company (QIMC) has reported a 15% fall year-on-year in net profit to QR39.04mn in the first three months of this year on lower sales and investment income.
Sales fell 3% to QR82.25mn but cost of sales rose 3% to QR68.72mn, resulting in a 23% decline in gross profit to QR13.53mn, according to its financial statement filed with the Qatar Stock Exchange.
Other income was down 2% to QR1.79mn; while general and administrative expenses expanded 1% to QR13.34mn; translating into a 68% plunge in operating profit to QR1.98mn.
The company’s net share of results from ‘equity-accounted investees’ was down 6% to QR30.19mn and income from investments by 31% to QR6.91mn. Finance costs fell 7% to QR0.6mn.
Total assets were valued at QR1.6bn, comprising current assets of QR0.36bn and non-current assets of QR1.24bn.
Total equity stood at QR1.41bn on a capital base of QR475.2mn and earnings-per-share was QR0.82 at the end of March 31, 2015.
Dlala Brokerage
Lower incomes and higher expenses led Dlala Brokerage and Investments Holding Company to report a 62% plunge in year-on-year in net profit to QR6.43mn in January-March this year.
Net brokerage and commission income plunged 21% to QR11.03mn, investment income by 66% to QR2.85mn and interest income by 11% to QR0.33mn. Thus, net operating income fell 42% decline to QR14.21mn.
General and administrative expenses shot up 9% to QR7.27mn, according to its financial statement.
Total assets were worth QR1.04bn, consisting current assets of QR1bn and non-current assets of QR0.04bn.
Total equity stood at QR293.46mn on a capital base of QR222mn and earnings-per-share was QR0.29 at the end of first quarter ended March 31, 2015.
Qatar Cinema and Film
Higher operating earnings and rental income helped Qatar Cinema and Film Distribution Company register 2% gain year-on-year in net profit to QR4.28mn in the first three months of this year.
Operating income rose 6% to QR3.27mn; while direct costs fell 3% to QR3.14mn, according to its financial statement. Thus, the company reported QR0.13mn gross operating profit compared to a loss of QR0.16mn in the previous year period.
Although dividend income fell 13% to QR2.18mn and other income by 49% to QR0.11mn, its rental income rose less than 1% to QR4.16mn. General and administrative expenses fell 19% to QR1.04mn.
Total assets were valued at QR177.2mn, comprising current assets of QR31.71mn and non-current assets of QR145.49mn.
Total shareholders’ equity stood at QR143.17mn on a capital base of QR57.1mn and earnings-per-share was QR0.75 at the end of March 31, 2015.
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