Industries Qatar Net Profit Rises to QR1.26
Billion in First Quarter of 2018
April 29, 2018
Industries Qatar’s net profit amounted to
QR1.2 billion in the first quarter of 2018, compared to QR928
million for the same period last year. The company’s earnings
per share recorded QR2.1, versus QR1.53 for the corresponding
period of 2017.
The Group’s Comments:
IQ’s first quarter of 2018 gross profit
increased by 29.2% to QR329.2 million, while general and
administrative expenses decreased by 55% to QR38.8 million. On
another hand, selling expenses rose to QR14.4 million. The
company's share of the results of joint ventures and associates
achieved a 33.6% hike to QR879.7 million. As a result, the net
profit increased by 36.6% to QR1267 million.
|