Mesaieed Net Profit Rises to QR357 Million in First Quarter of 2018

May 1, 2018

The net profit of Mesaieed Petrochemical Holding amounted to about QR357 million in the first quarter of 2018, an increase of 68% compared to QR212 million achieved in the same period of the previous year. The holding’s earnings per share reached QR0.28 versus QR0.17 for the corresponding period of 2017.

The Group’s Comments:

Mesaieed’s first quarter revenue increased by 65.7% to QR329.7 million. Expenditures rose by 47.7%, or QR6.5 million, and tax rebates increased by 88.8% to QR34 million. As a result, the net profit rose 68% to QR356.6 million.