Doha – Mubasher: Qatar Industrial Manufacturing Company (QIMC) reported a 30.3% year-on-year rise in its profits during the third quarter of 2016, according to a bourse statement.

Net profits reached QAR 65.85 million ($18.08 million) in Q3-16, compared to QAR 50.55 million ($13.88 million) in Q3-15.

The company achieved profits of QAR 163.1 million in the first nine months of 2016, up 20.6% from QAR 135 million in the prior-year period.

Earnings per share (EPS) reached QAR 3.43 in the nine-month period of 2016, compared to QAR 2.84 in the same period of 2015.