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FINANCIAL NEWS
Qatar’s listed firms’ net profits reach USD 2.96bn
02 May 2016
(MENAFN) The joined net profits of Qatar’s traded companies reached USD 2.96bn for Q1 of this year, drop by 18.9 percent through the same period of 2015.
Furthermore, the net earnings are of 42 of 43 firms listed on Qatar Exchange, as Vodafone Qatar’s financial year is from April 1 to March 31.
However, industries sector dropped by 18.59 percent, insurance sector fell by 5.10 percent and service and consumers sector declined by 3.2 percent.
In addition, banking sector assets grew by 114 percent, from USD 267bn in 2014 to USD 297.7bn in 2015, trailed by a growth in corporate lending.
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