Industries Qatar’s Profits Increase by 12 Percent in First Half of 2024

Doha: Industries Qatar's (a Qatari public shareholding company) net profits increased by 12 percent in the first half of this year, reaching QR2.331 billion, compared to a net profit of QR2.088 billion for the same period of the previous year. The company's semi-annual financial statements showed that earnings per share amounted to QR0.39 in the period ending on June 30, compared to earnings per share of QR0.35 for the same period of the previous year. The company's board of directors approved the distribution of cash dividends of QR0.31 per share, representing 31 percent of the nominal value of the share, to shareholders as of the end of the trading session on August 20, with the Edaa Company to carry out the tasks of distributing interim dividends in accordance with the applicable rules and regulations. Source: Qatar News Agency