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FINANCIAL NEWS
Industries Qatar reports USD587m profit in Q2
08 Aug 2012
(MENAFN) Industries Qatar reported a marginal increase in quarterly profits, on higher sales, Reuters reported.
The company said it made USD587.26 million net profit during the second quarter, up from USD570.79 million a year earlier.
The company also reported a decline in half yearly profits to USD1.11 billion from USD1.14 billion in the same period last year.
Industries Qatar, Middle East’s second largest petrochemicals firm, has operations that span from the metal industry to petrochemicals, and its products are sold in markets such as Australia, India and the United States of America.
The group operates a number of world-class production facilities in Qatar and the United Arab Emirates.
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