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Qatar National
Cement Company Discloses Interim Financial Statement for
Three-Month Period Ended March 31, 2017
April 24, 2017
Qatar National Cement net
profit amounted QR 84,839,565 compared to QR 123,790,487 for the
same period of the previous year.
The Earnings per Share (EPS) amounted to QR 1.30
compared to QR 1.89 for the same period of the previous year.
The Group's
Comment
Qatar Cement's total income
from cement sales dropped by 27.2% to QR83.9 million as result
of
sales decline and rise of production cost. Adding
other sources of income, deducting routine expenses worth QR
10.8 million, then net profit falls by 31.5% to QR 84.8 million.
Comprehensive income declined to 78.3 million.
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