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FINANCIAL NEWS
Qatar’s MPHC revenue hits QR212.3mn in Q1
02 May 2017
(MENAFN) Mesaieed Petrochemical Holding Co., a subsidiary of Qatar Petroleum has posted a net profit of QR212.3mn for the first quarter of this year, with earnings per share of QR0.17.
Accordingly, a reduced sales volume on periodic turnaround in some of the group firms’ plants is offset by the increase in selling prices.
However, the revenue is down by QR66.2mn or 24 percent compared to the previous quarter due to the fall in sales volume arising from the turnaround.
Furthermore, the groups’ profit for the cited period was also helped by recognition of a tax refund of almost QR18mn for the quarter.
MENAFN0205201700450000ID1095444823
MENAFN0205201700450000ID1095444823
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