The Managing Director and Chief Executive Officer of Widam Food Ahmed Nasser Sraiya Al Kaabi.
DOHA: Qatar’s premium meat provider Widam Food’s net profits reached QR75m for 2012. The net profits surged by around 29 percent compared to the profits for the same period last year.
Widam Food’s EPS (earnings per share) also increased by 29 percent, or what is equivalent to QR 0.93, to reach QR 4.17 per share. Widam Food recorded a significant hike in sales reaching QR350m, or what is equivalent to an increase of 23 percent equaling QR59.7m over the last financial year where sales were up to QR260m.
Ahmed Nasser Sraiya Al Kaabi, Managing Director and Chief Executive Officer of Widam Food said: “2012 has been a superb year for us at Widam Food and this is strongly highlighted by our annual financial results which saw our profits soar to QR75m. Such results accentuate our continued investments to grow our business, expand our workforce, upgrade our facilities and plan to tap into new industries.”
“At Widam Food, we are highly committed to excel in everything we do by prioritising world-class best practices and uncompromised quality. This has been clearly apparent in the number of prestigious accolades we bagged till today. We are pressing ahead with our growth and development plans for the year 2013 in order to cater to market demand with a wider line-up of products and services,” Al Kaabi added.
The Peninsula
