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Widam Food profit grows 9% in Q2

Widam Food profit grows 9% in Q2
EPS reached QAR 3.37 in Q2-18
Widam
WDAM
0.10% 1.98 0.00

Mubasher: Widam Food Company on Wednesday posted an 8.8% year-on-year profit rise in the second quarter of 2018.

Widam logged a net profit of QAR 33.94 million ($9.4 million) during the period between April to June, compared to QAR 31.19 million ($8.6 million) in Q2-17, according to a bourse statement.

Earnings per share (EPS) reached QAR 3.37 IN q2-18, compared to QAR 3.01 in the year-ago period.

Widam’s profits increased 12% to QAR 60.61 million for the first six months of this year, from QAR 54.14 million in H1-17.