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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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