Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Bahrain All Share Index, Islamic Index close higher
- Ithmaar Bank reports Q1 2025 profits
- Alba posts $48.2m Q1 profit, production costs impact
- Indosat Ooredoo Hutchison pushes for Sovereign AI to power Indonesia's growth
- Dukhan Bank names QR1,000,000 Thara'a grand prize winner
- Khaled Al-Falah: NIC's AGM approves 22% cash dividend based on share nominal value
- Kuwait, Hong Kong sign 24 MoUs
- Diriyah set to offer $5.3bn worth fit-out contracts
- Swiss innovation, green tech, and art shine at Oman Sustainability Week 2025
- QSE index slips 10.84 points at market open
30/10/2017 06:10 AST
Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region's premier diversified petrochemical conglomerates, posted a net profit of QR805.9m for the nine months period ended September 30, 2017 with earnings per share of QR0.64, surging by 13 percent on previous year.
Improved selling prices coupled with one-off claims received were the main contributors towards improved performance. The financial performance significantly exceeded the group's budget expectations.
The group's profit for the period was also aided by recognition of a tax refund of approximately QR74.3m for the period. The group continued to benefit from the supply of competitively priced ethane feedstock and fuel gas under long-term supply agreements. This contracting arrangement is an important value driver for the group's profitability in a challenging market condition.
The closing cash position after the first nine months of operations and after distribution of previous years' dividends of QR724.2m, was a robust QR1.1bn as at September 30, 2017. The total assets at September 30, 2017 was QR14.5bn, compared to QR14.4bn as at 31 December 2016.
Reflecting MPHC's robust liquidity position, the closing cash stood at QR1.1bn, after the distribution of previous years' dividends of QR724m, at the end of September 2017. Tax refund of QR74m booked for the period.
The Peninsula
07/03/2018
Mesaieed Petrochemical Holding Company is embarking on a "selective capital expenditure programme" to maintain competitiveness in the market, it was announced yesterday during MPHC's annual general m
Gulf Times
15/02/2018
Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region's premier diversified petrochemical conglomerates, registered a robust net profit of QR1.1bn for t
The Peninsula
07/08/2017
Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region's premier diversified petrochemical conglomerates, delivered a net profit of QR468.6m for the six
The Peninsula
| Ticker | Price | Volume |
|---|
15/05/2025
Ithmaar Bank, a Bahrain-based Islamic retail bank, reported profits for the first quarter of the year as it announced its financial results for the three-month period ended March 31.
Ithmaa
BNA
15/05/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has reported a profit of BD18.1 million ($48.2 million) for the first quarter of 2025, a drop of 25.9% year-over-year (YoY
Trade Arabia
15/05/2025
Indosat Ooredoo Hutchison is spearheading the development of sovereign AI to elevate Indonesia's economic trajectory, according to president director and CEO, Vikram Sinha.
"Indosat has a lar
Gulf Times
15/05/2025
Dukhan Bank has announced that Saad al-Kuwari has won the QR1,000,000 grand prize in the latest draw of Thara'a, the bank's Shariah-compliant savings account.
The draw was conducted under the
Gulf Times
15/05/2025
National Investments Company held its Ordinary AGM for the fiscal year ended December 31, 2024, and immediately following this, the Extraordinary General Assembly Meeting was convened on Wednesday, M
Kuwait Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia