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FINANCIAL NEWS
Qatar’s Industries Co. profit falls by 13.6 percent
04 Aug 2016
(MENAFN) Petrochemicals, metals and fertilizer generator Industries Qatar recorded a drop in net profit at 13.6 percent in Q2.
Furthermore, the firm made a net profit of USD348.8mn in the cited period of this year.
On the other hand, last year the company recorded a net profit of 1.47bn riyals in the same period, while the average forecasted was 799.9mn riyals.
Meanwhile, the firm posted 1.97bn riyals in the cited period of this year, a drop from 2.42bn riyals in the same period last year.
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