Qatar Cement Net Profit Rises to QR168.5 Million in 1^st Half of 2018

July 24, 2018

Qatar National Cement’s net profit amounted to QR168.5 million, compared to QR168.1 million in the same period last year, while the company’s earnings per share recorded QR2.58, versus QR2.57 in the corresponding period of 2017.

The Group’s Comments:

Qatar National Cement's revenues decreased by 22% to QR434.6 million, in the first half of 2018. The total profit from the company’s activities decreased by 8% to QR156.8 million. Other revenues rose by QR4 million to QR27 million. General and administrative expenses decreased by 29.8% to QR16.5 million. As a result, the net profit stabilized slightly by QR168.5 million. Since the decline in fair value was limited this year compared to a decline in the corresponding period of the previous year, the total income amounted to QR162.4 million compared to QR134.1 million in the corresponding period of 2017.