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Widam Food Q3 profits rise 25%

Widam Food Q3 profits rise 25%
(Photo credit :Arabianeye - Reuters)
Widam
WDAM
-0.67% 2.09 -0.01

Doha – Mubasher: Widam Food Company’s profit for the third quarter of the fiscal year 2016 rose by 24.9% to QAR 23.1 million ($6.33 million), versus QAR 18.5 million (%5 million) for Q3-15.

Net profit for the first nine months of 2016 grew by 30.7% to QAR 67.2 million from QAR 51.4 million for the same period last year, according to a bourse filing.

The company earlier reported a net profit of QAR 44.1 million for the first half of 2016, 34% up from QAR 32.9 million for H1-15.

The stock today’s session falling by 0.16% to QAR 64.