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.
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