Mesaieed Petrochemicals Profits in Q2, 2017 Fall 4.3% to QR 468.6 Million   
 
August 06, 2017 
 
Mesaieed Petrochemicals Holding Company disclosed its reviewed financial statements for the period ended 30/06/2017, with a net profit of QR 468.6 million, a decrease of 4.3% compared to net profit of QR 489.7 million in the corresponding period last year.
 
Earnings per share reached QR 0.37 in the first half of the year (2017) versus QR 0.39 in the corresponding period in 2016.

The Group's Comment

Mesaieed Petrochemicals total income from its different factories droped by 4.3% to QR 433.9 million.  Public and administrative expenses fell slightly by QR8 million. Adding some tax returns worth QR 42.8 million, net profit drops by 4.3% to QR 468.6 million. Comprehensive income seems on par with net profit.