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- Saudi firms announce 2024 financial results amid Eid trading break
- Oman Cables 2024 net profit up 19.5pc; sales soar to $697m
- Agility posts solid results for 2024; revenue soars to $5bn
- AD Ports Group records $4.7bn in revenue for 2024
- WEG lands supply contract for $3bn Adnoc infrastructure project
- Qatar's banking sector sees increase in aggregate earnings
- OPEC+ to meet over excess Kazakh oil output
- Oil Updates - crude edges lower as market awaits fresh US tariffs
- Trump announces sweeping tariffs on imports, raising fears of inflation and trade wars
- New Saudi real estate directives reinforce home ownership goals: Finance minister
24/10/2017 10:03 AST
Petrochemicals, metals and fertiliser producer Industries Qatar posted a 1.6 percent drop in third-quarter net profit, according to Reuters calculations, in line with forecasts, as sales fell and performance was hurt by weak fertiliser prices and tightened operating margins.
The Middle East's second-biggest petrochemicals company said its operational and financial outlook was expected to improve further with efforts to controls costs.
It reported on Monday a net profit of 747.8 million riyals ($198.6 million) in the three months ending Sept. 30, Reuters calculated based on nine-month financial statements in lieu of a quarterly breakdown.
This compares with the 759.8 million riyals it posted in the corresponding period of last year, while the average forecast of three analysts polled by Reuters was for a quarterly net profit of 730.8 million riyals. Industries Qatar did not say whether the results had been affected by economic sanctions imposed by other Arab states on June 5, when Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties with Qatar, accusing it of backing terrorism, a charge Doha denies.
Since June, Qatar has arranged new shipping routes to minimise the impact of the rift on imports and exports.
Reuters
14/03/2018
Market heavyweight Industries Qatar (IQ) has announced the increase of foreign ownership limit (FOL) to 49% from 25%, a move that will enthuse foreign funds to enhance their exposure in the country's
Gulf Times
05/03/2018
Industries Qatar (IQ) is working to expand its operations and production capacities aiming to maintain and improve the competitiveness of its products in the local, regional and global markets, Saad
The Peninsula
13/02/2018
Industries Qatar (IQ), one of the region's industrial giants with interests in the production of a wide range of petrochemical, fertilizer and steel products, reported a net profit of QR3.3bn and ear
The Peninsula
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 11.10 | 0.06 (0.54 |
| ADNOCLS | 4.68 | -0.12 (-2.50 |
| ADPORTS | 4.15 | -0.07 (-1.66 |
| NMDC | 23.62 | -0.18 (-0.76 |
| MPHC | 1.44 | 0.00 (0.00 |
03/04/2025
Oman Cables Industry (OCI), a leading cable solutions provider in the sultanate, has announced that it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO2
Trade Arabia
03/04/2025
Agility, a supply chain services, infrastructure and innovation company based in Kuwait, has delivered solid results for FY 2024 with KD1.53 billion ($5 billion) in revenue as its operating entities
Trade Arabia
03/04/2025
AD Ports Group has achieved record-breaking results in 2024, with its revenues soaring to hit AED17.3 billion ($4.7 billion) and its ebitda (earnings before interest, taxes, depreciation and amortisa
Trade Arabia
03/04/2025
WEG, a leading electric motor, variable frequency drives and gearbox manufacturer, has announced that it will support the Abu Dhabi National Oil Company (Adnoc) set up a 300-km crude oil pipeline pro
Trade Arabia
29/03/2025
China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese econo
Reuters
Financial Information Co.
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