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FINANCIAL NEWS
Listed firms in Qatar posts increase of 18pct in profits
11 Jan 2017
(MENAFN) Qatar’s listed firms’ Q4, 2016 are projected to increase by almost 18 percent on year-on-year basis, while Industries Qatar earnings will benefit from higher steel prices.
Accordingly, QIIB is predicted to grow by 41 percent on quarter-on-quarter basis, whereas investment bank SICO covers a total of 166 firms in the GCC.
In addition, Saudi firms’ incomes that have been estimated are predicted to increase by 15 percent YOY, led by earnings growth from SABIC.
Meanwhile, Etisalat”s profit is predicted to reach 17 percent; the Egyptian pound devaluation to influence performance.
M
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