Qatar National Cement Co. Profits in Q2, 2017 Fall 33% to QR 168.1 Million 
Earnings per share stood at QR 2.57 

July 23, 2017

Net profit for Qatar National Cement Co.  in the first half of the year amounted to QR 168.1 million compared to QR 251.7 million in the corresponding period last year. Earnings per share stood at QR 2.57 versus QR 3.85 in the corresponding period in 2016.

The Group Securities Comment:

Operating income in the first half of the year decreased by 5% to QR 556.7 million and the operating cost increased by 10.8% to QR 386.5 million. Accordingly, the total operating profit decreased by 28% to QR 170.3 million. Total general, administrative and distribution expenses increased by 40.4% to QR 23.3 million. After adding other income, the profit for the period decreased by 33.2% to QR 168.1 million. There was a decline in the fair value of investments amounting to QR 33.9 million decreasing the comprehensive income to QR 134.1 million compared to QR 246.4 million in the corresponding period last year.