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.
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