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FINANCIAL NEWS
Industries Qatar reports 23% gain in Q3 profits
14 Oct 2010
(MENAFN) Industries Qatar, the country’s state-controlled petrochemical and steel maker, posted a bigger-than-expected 23 percent gain in third-quarter profit, QNA reported.
Net income rose to $400 million from $329 million a year earlier, the company said.
Nine-month net income rose to $1.13 billion compared with $1.04 billion a year earlier, the company said in a statement to the Qatar Exchange.
Third-quarter earnings were calculated by subtracting first-half profit from the nine- month figure.
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