DOHA — Qatar Industrial Manufacturing reported a 5.28% increase in net profits for the first nine months of 2023. The profits reached QR 143,223,883, compared to QR 136,034,699 for the same period in 2022.

According to a new release by Qatar News Agency, the Earnings per Share (EPS) for the period were QR 0.30, up from QR 0.29 in 2022. On the flip side, Widam Food Company reported a 171.7% increase in net losses by the end of the third quarter of 2023, amounting to QR 59,303,740 compared to QR 21,820,497 for the same period in 2022. The loss per share increased to QR 0.33 from QR 0.12. Widam Food Company also disclosed receiving a compensation amount of QAR 115,200,000 from the relevant government authorities for services rendered in previous years until 2023, and an additional QAR 38,400,000 for 2024. The company is reviewing losses incurred by its branch in the Republic of Sudan and intends to disclose the full impairment impact once completed.