Doha – Mubasher: Qatar Industrial Manufacturing Company (QIMC) reported a 10% year-on-year growth in its profits for the first quarter of 2017.

QIMC’s profits amounted to QAR 60.44 million ($16.60 million) in Q1-17, up from QAR 54.9 million ($15.08 million) in Q1-16, according to a statement to the Qatar Stock Exchange (QSE) on Sunday.

Earnings per share (EPS) stood at QAR 1.27 in Q1-17, compared to QAR 1.16 in the same quarter in the year earlier.

The industrial manufacturer previously reported a 15% increase in profits to QAR 193.8 million in 2016, compared to QAR 168.8 million in 2015.