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FINANCIAL NEWS
MPHC Qatar�s profit jumps by 22 percent
10 Aug 2016
(MENAFN) Mesaieed Petrochemical Holding Co. (MPHC) registered a net profit of QR489.7mn for the first half this year, a surge of 22 percent.
Additionally, the increase was due to flexible sales volumes and an increase in other income in the midst of a challenging market.
The firm is one of the region”s premier diversified petrochemical conglomerates with interests in the production of olefins, alpha olefins and other products.
Moreover, the group”s profit was encouraged by recognition of a tax refund of QR45mn among the period.
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