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Widam’s Q2 profit rises 12%

Widam’s Q2 profit rises 12%
Photo credit: Arabianeye - Reuters
Widam
WDAM
0.45% 2.90 0.01

Doha – Mubasher: Widam Food Company’s profits for the second quarter of fiscal 2016 by 12.1% to QAR 24.32 million ($6.67 million), versus QAR 21.7 million ($5.95 million) for Q2-15.

Net profit reached QAR 44.1 million in the first half of fiscal 2016, 34% up from QAR 32.9 million in H1-15, according to a bourse filing.

Widam earlier posted a net profit of QAR 19.78 million for Q1-16, versus QAR 11.2 million for Q1-15.