Mesaieed Petrochemicals Net Profit in Q1, 2017  Stands at QR 212.3 Million   

May 01, 2017 
 
Mesaieed Petrochemicals Holding Company disclosed its reviewed financial statements for the period ending 31/03/2017, with a net profit of QR 212.3 versus a net profit of QR 212.3 in the corresponding period last year 

Earnings per share reached QR 0.17 for the fiscal year ended 31/03/2017 compared to QR 0.17 in the corresponding period in 2016.

The Group's Comment

Mesaieed's share of profit in joint projects increased by 1.1% to QR 191.3 million in the first quarter of 2017.  Adding other sources of income worth QR7.4 million, deducting public and administrative expenses worth QR4.4 million; and adding tax returns worth QR18 million, then net profit made in this period settles at QR 212.3 million.