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FINANCIAL NEWS
Qatar’s MPHC net profit hits USD246.8m in H1
02 Aug 2014
(MENAFN) Mesaieed Petrochemical Holding Company (MPHC) posted a net profit of USD 246.8million in the first half of the year, The Peninsula Qatar reported.
The group consists of six companies, as all facilities are all based within the State of Qatar, and are primarily engaged in the production of olefins, polyolefins, alpha olefins, and chlor-alkali products.
“Cash generation remained strong, with a total of USD245.55 million of cash from operations across all group companies for the half year,” the Minister of Energy and Industry, and Chairman of MPHC said.
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