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FINANCIAL NEWS
Industries Qatar offers QR2.4bn dividend distribution
05 Feb 2017
(MENAFN) Industries Qatar, one of the country’s industrial giants with interests in the production of petrochemical, fertilizer and steel products posted revenue of QR3bn in 2016.
However, full year revenue reported reached QR4.7bn, a drop of almost 11 percent compared to the previous year, which was driven by weaker product prices.
Moreover, the reduction in the selling prices has affected the group income to the extent of almost QR1.9bn, whereas sales volumes remained flat on last year.
Meanwhile, net profit for the period under review was QR3bn, translating to an earnings per share of QR4.9, down almost 34 percent.
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MENAFN0502201700450000ID1095236873
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