Widam Food Posts 54.137 Mln Net Profit in First Half of 2017

Doha, July 18 (QNA) - Widam Food Company has disclosed its reviewed financial statements for the first half of the year, posting a net profit of QR 54,137,150 compared to QR 44,193,141 for the same period last year, a statement posted on Qatar Stock Exchange website said. Earnings per share amounted to QR 3.01 for the period ended June 30, 2017 to in comparison to QR 2.46 for the same period of the previous year. Widam Food is a shareholding company that exclusively handles the government's subsidization of Australian meat to Qatari market and supports the market by importing other type of meat on non-exclusive basis. Its mission is to become a profitable distribution company with wholly owned and franchised butchery stores that will dominate Qatar's retail meat business. (QNA)