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FINANCIAL NEWS
Industries Qatar net profit hits USD1.28b in Jan.-Sep.
20 Oct 2014
(MENAFN) Industries Qatar announced registering a net profit of USD 521.48 million in the July-September period, bringing the total of its profit in the January-September period to reach USD 1.28billion, The Peninsula Qatar reported.
The petrochemical, fertilizer and steel major’s quarterly earnings rose 50 percent compared to the second quarter and over 6 percent compared to the same quarter in 2013.
The company also reported a 5.4 percent increase in revenue, by USD 54.89million, compared to the amount registered in the third quarter of last year.
Meanwhile, the company said that petrochemical and fertilizer segments registered a growth of 73.3 percent and 86.7 percent respectively compared to the April-June period of this year, while earnings increased 6.3 percent compared the third quarter of 2013.
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