FINANCIAL NEWS

Industries Qatar net profit drops at 1.21bn

06 Feb 2016

(MENAFN) Industries Qatar, one of the area’s industrial giants with interests in the production of a wide range of petrochemical, proclaimed its financial results for its net income.

Additionally, net income for the period decreased by USD 0.49bn, or 29.9 percent, against the same period of 2014, which was driven by the reduced incomes.

The reduction resulting from price deflation through all segments despite the group vastly advantaged from increased sales volumes.

Moreover, the board of directors supported a rational dividend payout that balances the requests and aspirations of shareholders with the importance of keeping liquidity.

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