Qatar Industrial Manuf. reported QR 160.9 million net profit

09/02/2015 10:28 AST

Qatar Industrial Manufacturing Company discloses the financial statements for the year ended December 31, 2014. The financials revealed a net profit of QR 160.9 Million in 2014 versus QR 141.6 Million in 2013 and the Earnings per Share (EPS) amounted to QR 3.39 in 2014 compared to QR 2.98 in 2013.

the Board also explained that the Board of Directors has agreed to convene the Ordinary General Assembly to be held on Sunday 08/03/2015 at 4:00 pm in Radisson Blu Hotel, Giwana Ballroom to submit recommendations for the distribution of (30%) Cash Dividend and the adoption of the following agenda:

1) Hearing of the Board of Directors'''' report on the Company''''s activities, its financial position for the financial year ending December 31st, 2014 and its future development plans.

2) Hearing of the Auditors'''' report on the Company''''s final accounting statements for the financial year ending December 31st, 2014.

3) Discussion and approval of the Company''''s consolidated Balance Sheet and Profit & Loss Account for the financial year ending December 31st, 2014.

4) Adoption of the Board of Directors'''' resolution to distribute to the shareholders, 30% of cash dividend for the financial year ending December 31st, 2014.

5) Absolve Board Members from liability for the financial year ending December 31st, 2014 and determination of their remunerations.

6) External auditors' appointment for the financial year 2015 and determination of their remuneration.

7) Governance report of the company for the year 2014.

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