Mesaieed Petrochemicals Net Profit Rises to
QR666 Million in First Half of 2018
August 07, 2018
Mesaieed Petrochemicals Holding’s net profit
amounted to QR666 million, compared to QR469 million for the
same period of the previous year, while the company’s earnings
per share amounted to QR0.53, versus QR0.37 for the
corresponding period of 2017.
The Group’s Comments:
Mesaieed Petrochemicals’ total revenues
increased by 41.3% to QR613.2 million in the first half of 2018,
of which QR589.6 million was generated from the results of joint
ventures. Mesaieed’s total expenses increased by 31.3% to QR10.9
million, and the company generated revenues from tax rebates
amounting to QR64.2 million, compared to QR42.8 million from
last year. As a result the net profit increased by 42.2% to
QR666 million.
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