Mubasher: Widam Food Company posted a 16.2% year-on-year hike in its profits for the first quarter of 2018.

Profits amounted to QAR 26.67 million in Q1-18, compared to QAR 22.95 million in Q1-17, according to the company’s filing to the Qatar Stock Exchange (QSE) issued late Monday.

Earnings per share (EPS) recorded QAR 1.48 for the three-month period ended 31 March 2018, versus QAR 1.28 for the same period of the prior year.

For the full-year 2017, Widam’s profits levelled up 19.2% to QAR 108.8 million, from QAR 91.3 million in the year before.