FINANCIAL NEWS

Industries Qatar’s (IQ) earnings to grow by 32pct in Q1

09 Apr 2017

(MENAFN) Industries Qatar’s earnings is expected to enhance by 32 percent year on year in the first quarter of this year, at an estimated value of QR919mn.

Additionally, the earnings of QNB, QIIB, QIB and Qatar Elect & Water are also projected to grow on year on year for the cited quarter.

Accordingly, the region’s earnings are estimated to increase 5 percent year on year and 22 percent on Quarter to Quarter basis, led by positive predictions on most GCC firms.

However, estimated indicate marginal decline by -1 percent year on year in overall Q1 of this year earnings, while Saudi firms’ revenues are projected to be increased by 8 percent.

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MENAFN0904201700450000ID1095379272

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